Traders Buy High Volume of Call Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XMEGet Free Report) saw some unusual options trading on Tuesday. Stock investors bought 18,116 call options on the company. This is an increase of 520% compared to the typical volume of 2,920 call options.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

A number of hedge funds have recently made changes to their positions in the business. Fiduciary Financial Group LLC grew its position in SPDR S&P Metals & Mining ETF by 26.2% during the second quarter. Fiduciary Financial Group LLC now owns 74,449 shares of the exchange traded fund’s stock valued at $7,961,000 after buying an additional 15,452 shares during the period. Clarus Wealth Advisors boosted its stake in SPDR S&P Metals & Mining ETF by 6.0% in the second quarter. Clarus Wealth Advisors now owns 24,131 shares of the exchange traded fund’s stock valued at $2,460,000 after acquiring an additional 1,371 shares during the last quarter. Focus Financial Network Inc. purchased a new position in SPDR S&P Metals & Mining ETF in the second quarter valued at about $323,000. Pettinga Financial Advisors LLC boosted its stake in SPDR S&P Metals & Mining ETF by 52.4% in the second quarter. Pettinga Financial Advisors LLC now owns 13,474 shares of the exchange traded fund’s stock valued at $1,441,000 after acquiring an additional 4,630 shares during the last quarter. Finally, Apella Capital LLC grew its position in shares of SPDR S&P Metals & Mining ETF by 32.5% during the 2nd quarter. Apella Capital LLC now owns 2,492 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 611 shares during the period. 86.55% of the stock is currently owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Down 0.1%

SPDR S&P Metals & Mining ETF stock traded down $0.11 during mid-day trading on Tuesday, reaching $117.43. 272,550 shares of the company’s stock were exchanged, compared to its average volume of 2,480,304. The business’s fifty day simple moving average is $109.37 and its 200 day simple moving average is $114.33. The firm has a market capitalization of $4.49 billion, a PE ratio of 21.07 and a beta of 1.27. SPDR S&P Metals & Mining ETF has a one year low of $76.46 and a one year high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile

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