State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 21,328 put options on the stock. This is an increase of approximately 426% compared to the typical daily volume of 4,051 put options.
State Street SPDR Portfolio S&P 500 ETF Trading Up 0.2%
Shares of SPYM stock traded up $0.15 during mid-day trading on Tuesday, reaching $90.38. The company’s stock had a trading volume of 5,075,448 shares, compared to its average volume of 13,512,040. State Street SPDR Portfolio S&P 500 ETF has a 1-year low of $74.06 and a 1-year high of $92.00. The firm’s 50-day moving average is $90.41 and its two-hundred day moving average is $87.69.
Institutional Trading of State Street SPDR Portfolio S&P 500 ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPYM. South Shore Capital Advisors bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at approximately $275,000. MBM Wealth Consultants LLC lifted its position in shares of State Street SPDR Portfolio S&P 500 ETF by 2.0% during the 3rd quarter. MBM Wealth Consultants LLC now owns 44,934 shares of the company’s stock worth $4,033,000 after buying an additional 902 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of State Street SPDR Portfolio S&P 500 ETF by 9.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 133,799 shares of the company’s stock worth $12,010,000 after buying an additional 11,942 shares during the period. Stewardship Advisors LLC lifted its position in shares of State Street SPDR Portfolio S&P 500 ETF by 12.7% during the 3rd quarter. Stewardship Advisors LLC now owns 17,852 shares of the company’s stock worth $1,602,000 after buying an additional 2,009 shares during the period. Finally, Commonwealth Financial Services LLC bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $5,377,000.
About State Street SPDR Portfolio S&P 500 ETF
The Tradr 2X Long SPY Monthly ETF (SPYM) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the SPDR S&P 500 ETF (ticker: SPY-US) through swap agreements with major global financial institutions. SPYM was launched on Sep 3, 2024 and is issued by Tradr.
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