Stock Traders Purchase High Volume of SPDR S&P Metals & Mining ETF Put Options (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of unusually large options trading on Thursday. Stock investors bought 68,357 put options on the stock. This is an increase of 935% compared to the typical volume of 6,603 put options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XME. Farther Finance Advisors LLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 13.7% in the second quarter. Farther Finance Advisors LLC now owns 4,958 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 597 shares in the last quarter. Prudential PLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 52.5% in the second quarter. Prudential PLC now owns 77,560 shares of the exchange traded fund’s stock valued at $4,602,000 after buying an additional 26,700 shares in the last quarter. LPL Financial LLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 30.6% in the second quarter. LPL Financial LLC now owns 549,027 shares of the exchange traded fund’s stock valued at $32,574,000 after buying an additional 128,573 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 7.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 306 shares in the last quarter. Finally, Ted Buchan & Co acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the second quarter valued at $3,649,000.

SPDR S&P Metals & Mining ETF Price Performance

SPDR S&P Metals & Mining ETF stock opened at $68.65 on Friday. The stock has a fifty day moving average price of $64.38 and a two-hundred day moving average price of $61.75. SPDR S&P Metals & Mining ETF has a 52-week low of $52.76 and a 52-week high of $70.49. The firm has a market capitalization of $2.32 billion, a P/E ratio of 6.15 and a beta of 1.20.

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.