SPDR S&P Metals & Mining ETF Sees Unusually Large Options Volume (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of some unusual options trading activity on Thursday. Investors bought 68,357 put options on the company. This represents an increase of approximately 935% compared to the average volume of 6,603 put options.

SPDR S&P Metals & Mining ETF Stock Up 2.3 %

Shares of NYSEARCA:XME traded up $1.55 during midday trading on Thursday, hitting $68.66. The stock had a trading volume of 555,797 shares, compared to its average volume of 2,475,072. SPDR S&P Metals & Mining ETF has a fifty-two week low of $52.31 and a fifty-two week high of $70.49. The company’s 50-day moving average price is $64.15 and its 200-day moving average price is $61.71. The company has a market capitalization of $2.32 billion, a P/E ratio of 6.15 and a beta of 1.20.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

A number of institutional investors have recently made changes to their positions in XME. Fortem Financial Group LLC boosted its position in shares of SPDR S&P Metals & Mining ETF by 0.5% during the 3rd quarter. Fortem Financial Group LLC now owns 91,742 shares of the exchange traded fund’s stock worth $5,846,000 after purchasing an additional 492 shares in the last quarter. Continuum Advisory LLC bought a new position in SPDR S&P Metals & Mining ETF in the 3rd quarter worth about $55,000. MML Investors Services LLC raised its stake in shares of SPDR S&P Metals & Mining ETF by 3.1% during the third quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after acquiring an additional 238 shares in the last quarter. PointState Capital LP bought a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter worth about $39,522,000. Finally, Flow Traders U.S. LLC purchased a new stake in SPDR S&P Metals & Mining ETF in the third quarter worth about $558,000.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.