SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading activity on Tuesday. Investors bought 361,292 call options on the stock. This represents an increase of approximately 174% compared to the average volume of 132,080 call options.

SPDR S&P Regional Banking ETF Trading Down 0.5 %

Shares of NYSEARCA KRE opened at $66.63 on Wednesday. SPDR S&P Regional Banking ETF has a 12-month low of $40.76 and a 12-month high of $67.79. The company has a market cap of $3.56 billion, a PE ratio of 8.36 and a beta of 1.56. The stock has a 50 day simple moving average of $58.00 and a 200-day simple moving average of $53.77.

Institutional Trading of SPDR S&P Regional Banking ETF

Hedge funds have recently added to or reduced their stakes in the business. Clear Point Advisors Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P Regional Banking ETF during the second quarter worth approximately $50,000. Larson Financial Group LLC acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter worth approximately $57,000. Future Financial Wealth Managment LLC bought a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $58,000. Finally, Family Firm Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $60,000.

About SPDR S&P Regional Banking ETF

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.