Stock Traders Buy High Volume of SPDR S&P Metals & Mining ETF Call Options (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XMEGet Free Report) was the target of some unusual options trading on Tuesday. Traders bought 18,116 call options on the stock. This represents an increase of approximately 520% compared to the average volume of 2,920 call options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in SPDR S&P Metals & Mining ETF by 302.8% in the 1st quarter. Bank of America Corp DE now owns 7,579,721 shares of the exchange traded fund’s stock worth $818,686,000 after acquiring an additional 5,697,852 shares during the last quarter. Bank of Nova Scotia boosted its position in SPDR S&P Metals & Mining ETF by 412.3% during the fourth quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock worth $107,244,000 after purchasing an additional 833,020 shares during the period. LPL Financial LLC boosted its position in SPDR S&P Metals & Mining ETF by 6.5% during the fourth quarter. LPL Financial LLC now owns 608,679 shares of the exchange traded fund’s stock worth $63,065,000 after purchasing an additional 36,989 shares during the period. Raymond James Financial Inc. increased its stake in shares of SPDR S&P Metals & Mining ETF by 6.7% in the third quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock worth $34,471,000 after purchasing an additional 23,212 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of SPDR S&P Metals & Mining ETF by 9.3% in the first quarter. Royal Bank of Canada now owns 286,381 shares of the exchange traded fund’s stock worth $30,932,000 after purchasing an additional 24,319 shares in the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA XME traded down $0.11 on Tuesday, hitting $117.43. 272,550 shares of the stock traded hands, compared to its average volume of 2,480,304. The business’s fifty day moving average is $109.37 and its two-hundred day moving average is $114.33. SPDR S&P Metals & Mining ETF has a 12 month low of $76.46 and a 12 month high of $135.68. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.07 and a beta of 1.27.

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