SPDR S&P Homebuilders ETF Sees Unusually High Options Volume (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw some unusual options trading on Friday. Stock investors bought 22,104 put options on the company. This is an increase of 115% compared to the average volume of 10,270 put options.

Institutional Trading of SPDR S&P Homebuilders ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XHB. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $43,362,000. FIL Ltd increased its holdings in shares of SPDR S&P Homebuilders ETF by 8,832.7% in the fourth quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock valued at $35,929,000 after buying an additional 339,970 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of SPDR S&P Homebuilders ETF by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock valued at $79,434,000 after acquiring an additional 303,539 shares during the last quarter. Soros Fund Management LLC boosted its stake in shares of SPDR S&P Homebuilders ETF by 147.6% during the 4th quarter. Soros Fund Management LLC now owns 95,100 shares of the exchange traded fund’s stock worth $9,938,000 after acquiring an additional 295,100 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth $9,959,000.

SPDR S&P Homebuilders ETF Stock Up 0.7 %

Shares of NYSEARCA XHB opened at $101.39 on Friday. The firm’s 50-day simple moving average is $106.24 and its 200 day simple moving average is $113.90. The stock has a market cap of $1.63 billion, a P/E ratio of 12.86 and a beta of 1.48. SPDR S&P Homebuilders ETF has a fifty-two week low of $97.40 and a fifty-two week high of $126.09.

About SPDR S&P Homebuilders ETF

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.