Investors Buy High Volume of SPDR S&P Metals & Mining ETF Put Options (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of some unusual options trading activity on Monday. Stock traders acquired 8,135 put options on the company. This represents an increase of 34% compared to the typical volume of 6,093 put options.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of SPDR S&P Metals & Mining ETF stock opened at $55.91 on Wednesday. The company has a 50-day simple moving average of $58.76 and a two-hundred day simple moving average of $61.54. The stock has a market capitalization of $1.56 billion, a PE ratio of 16.51 and a beta of 1.30. SPDR S&P Metals & Mining ETF has a 52-week low of $53.05 and a 52-week high of $70.49.

SPDR S&P Metals & Mining ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.0688 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XME. Blair William & Co. IL raised its position in SPDR S&P Metals & Mining ETF by 0.7% in the 4th quarter. Blair William & Co. IL now owns 33,288 shares of the exchange traded fund’s stock worth $1,889,000 after buying an additional 233 shares during the last quarter. MML Investors Services LLC grew its stake in shares of SPDR S&P Metals & Mining ETF by 3.1% in the third quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after acquiring an additional 238 shares during the period. Spire Wealth Management raised its holdings in shares of SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock valued at $54,000 after purchasing an additional 248 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in SPDR S&P Metals & Mining ETF by 15.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,866 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 250 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in SPDR S&P Metals & Mining ETF by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 40,488 shares of the exchange traded fund’s stock worth $2,298,000 after purchasing an additional 277 shares during the last quarter.

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.