Stock Traders Buy High Volume of SPDR Dow Jones Industrial Average ETF Trust Put Options (NYSEARCA:DIA)

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the recipient of unusually large options trading on Thursday. Traders acquired 60,695 put options on the stock. This represents an increase of 40% compared to the typical daily volume of 43,320 put options.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 1.6%

Shares of NYSEARCA:DIA traded down $7.78 during trading on Thursday, hitting $474.98. 6,611,951 shares of the company were exchanged, compared to its average volume of 4,027,990. SPDR Dow Jones Industrial Average ETF Trust has a fifty-two week low of $366.32 and a fifty-two week high of $484.39. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The firm has a fifty day moving average price of $465.61 and a two-hundred day moving average price of $445.40.

Institutional Investors Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of large investors have recently added to or reduced their stakes in DIA. Elevation Point Wealth Partners LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth $27,000. McIlrath & Eck LLC lifted its position in SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 50 shares during the period. Family Legacy Financial Solutions LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth about $28,000. Finally, Hollencrest Capital Management increased its holdings in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the 2nd quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 60 shares during the period. Institutional investors own 37.11% of the company’s stock.

About SPDR Dow Jones Industrial Average ETF Trust

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.