Stock Traders Purchase High Volume of SPDR S&P Regional Banking ETF Put Options (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 182,738 put options on the company. This represents an increase of approximately 134% compared to the typical daily volume of 78,249 put options.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

Several institutional investors have recently bought and sold shares of KRE. Morgan Stanley increased its stake in SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after buying an additional 2,630,511 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $83,392,000. MKP Capital Management L.L.C. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $48,329,000. Jump Financial LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. increased its position in shares of SPDR S&P Regional Banking ETF by 3,515.3% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock worth $41,243,000 after acquiring an additional 633,522 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Down 0.7%

NYSEARCA:KRE traded down $0.55 on Wednesday, hitting $76.24. 14,774,577 shares of the stock were exchanged, compared to its average volume of 16,860,938. The stock has a fifty day moving average of $73.00 and a 200-day moving average of $69.82. The stock has a market cap of $4.51 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.10.

SPDR S&P Regional Banking ETF Company Profile

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.