Investors Buy Large Volume of Call Options on SPDR S&P Retail ETF (NYSEARCA:XRT)

SPDR S&P Retail ETF (NYSEARCA:XRT) was the target of unusually large options trading on Wednesday. Traders acquired 36,655 call options on the company. This is an increase of approximately 129% compared to the typical daily volume of 16,007 call options.

SPDR S&P Retail ETF Trading Up 2.8%

Shares of XRT stock traded up $2.25 on Wednesday, reaching $82.12. 10,524,722 shares of the stock were exchanged, compared to its average volume of 5,826,977. The business’s 50 day moving average price is $85.31 and its 200 day moving average price is $80.20. The company has a market capitalization of $246.36 million, a price-to-earnings ratio of 14.70 and a beta of 1.24. SPDR S&P Retail ETF has a twelve month low of $61.33 and a twelve month high of $89.41.

Hedge Funds Weigh In On SPDR S&P Retail ETF

A number of institutional investors and hedge funds have recently modified their holdings of XRT. BNP Paribas Financial Markets boosted its stake in shares of SPDR S&P Retail ETF by 81,410.2% during the first quarter. BNP Paribas Financial Markets now owns 1,453,326 shares of the exchange traded fund’s stock worth $100,410,000 after buying an additional 1,451,543 shares during the period. Clear Street LLC increased its stake in shares of SPDR S&P Retail ETF by 1,150.0% during the 2nd quarter. Clear Street LLC now owns 1,250,000 shares of the exchange traded fund’s stock worth $96,325,000 after purchasing an additional 1,150,000 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of SPDR S&P Retail ETF during the 1st quarter worth approximately $69,090,000. Jefferies Financial Group Inc. increased its stake in shares of SPDR S&P Retail ETF by 191.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 250,000 shares of the exchange traded fund’s stock worth $19,265,000 after purchasing an additional 524,100 shares in the last quarter. Finally, Mizuho Securities USA LLC purchased a new position in shares of SPDR S&P Retail ETF during the 1st quarter worth approximately $34,545,000.

SPDR S&P Retail ETF Company Profile

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.