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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw unusually large options trading activity on Wednesday. Traders bought 56,809 put options on the company. This is an increase of approximately 792% compared to the average volume of 6,372 put options.

SPDR S&P Metals & Mining ETF Price Performance

Shares of XME stock opened at $58.21 on Friday. The company’s fifty day simple moving average is $56.15 and its two-hundred day simple moving average is $59.48. SPDR S&P Metals & Mining ETF has a 1 year low of $45.89 and a 1 year high of $70.49. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.48 and a beta of 1.27.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of XME. SG Americas Securities LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 23.6% in the fourth quarter. SG Americas Securities LLC now owns 47,610 shares of the exchange traded fund’s stock worth $2,702,000 after purchasing an additional 9,104 shares during the period. Lake Hills Wealth Management LLC increased its stake in SPDR S&P Metals & Mining ETF by 19.3% in the fourth quarter. Lake Hills Wealth Management LLC now owns 52,568 shares of the exchange traded fund’s stock valued at $2,983,000 after acquiring an additional 8,518 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in SPDR S&P Metals & Mining ETF by 13.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 34,703 shares of the exchange traded fund’s stock valued at $1,969,000 after acquiring an additional 4,035 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in SPDR S&P Metals & Mining ETF by 1.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 29,736 shares of the exchange traded fund’s stock valued at $1,687,000 after acquiring an additional 355 shares during the last quarter. Finally, Synergy Asset Management LLC boosted its position in SPDR S&P Metals & Mining ETF by 109.7% during the fourth quarter. Synergy Asset Management LLC now owns 8,456 shares of the exchange traded fund’s stock valued at $512,000 after buying an additional 4,424 shares during the period.

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.