SPDR S&P Metals & Mining ETF Target of Unusually Large Options Trading (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of unusually large options trading on Tuesday. Stock traders bought 28,651 put options on the stock. This represents an increase of approximately 324% compared to the typical daily volume of 6,753 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XME. Atria Wealth Solutions Inc. raised its stake in shares of SPDR S&P Metals & Mining ETF by 113.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,737 shares of the exchange traded fund’s stock worth $723,000 after buying an additional 6,780 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of SPDR S&P Metals & Mining ETF by 2.8% during the 3rd quarter. Harbour Investments Inc. now owns 23,648 shares of the exchange traded fund’s stock valued at $1,507,000 after acquiring an additional 639 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 149.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,668 shares of the exchange traded fund’s stock worth $1,954,000 after acquiring an additional 18,353 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock worth $39,806,000 after acquiring an additional 108,336 shares during the last quarter. Finally, MML Investors Services LLC raised its position 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 purchasing an additional 238 shares during the period.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME traded down $0.84 during trading on Tuesday, reaching $55.37. 1,150,825 shares of the company’s stock traded hands, compared to its average volume of 1,632,467. SPDR S&P Metals & Mining ETF has a 12 month low of $53.38 and a 12 month high of $70.49. The company has a 50 day moving average of $59.23 and a 200-day moving average of $61.66. The stock has a market capitalization of $1.45 billion, a P/E ratio of 13.74 and a beta of 1.41.

SPDR S&P Metals & Mining ETF Company Profile

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.