SPDR S&P Homebuilders ETF Sees Unusually Large Options Volume (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading activity on Friday. Investors bought 19,198 put options on the stock. This represents an increase of approximately 55% compared to the average daily volume of 12,363 put options.

SPDR S&P Homebuilders ETF Trading Up 1.0 %

XHB stock opened at $91.27 on Friday. The firm has a 50 day moving average of $99.35 and a 200-day moving average of $109.50. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 12.26 and a beta of 1.51. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $126.09.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several hedge funds and other institutional investors have recently bought and sold shares of XHB. AAFMAA Wealth Management & Trust LLC increased its holdings in SPDR S&P Homebuilders ETF by 114.9% during the 1st quarter. AAFMAA Wealth Management & Trust LLC now owns 22,271 shares of the exchange traded fund’s stock valued at $2,158,000 after acquiring an additional 11,907 shares in the last quarter. Magnus Financial Group LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 7.1% during the 1st quarter. Magnus Financial Group LLC now owns 2,893 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 193 shares in the last quarter. Accel Wealth Management raised its position in shares of SPDR S&P Homebuilders ETF by 30.2% during the 1st quarter. Accel Wealth Management now owns 6,976 shares of the exchange traded fund’s stock worth $676,000 after purchasing an additional 1,619 shares during the last quarter. Peak Financial Advisors LLC lifted its stake in SPDR S&P Homebuilders ETF by 4.4% in the 1st quarter. Peak Financial Advisors LLC now owns 13,240 shares of the exchange traded fund’s stock valued at $1,283,000 after buying an additional 552 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in SPDR S&P Homebuilders ETF by 3,836.8% during the 1st quarter. GAMMA Investing LLC now owns 50,194 shares of the exchange traded fund’s stock valued at $4,864,000 after buying an additional 48,919 shares during the last quarter.

SPDR S&P Homebuilders ETF Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.