SPDR S&P Metals & Mining ETF Target of Unusually Large Options Trading (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of unusually large options trading on Monday. Stock traders bought 8,135 put options on the company. This represents an increase of 34% compared to the typical daily volume of 6,093 put options.

SPDR S&P Metals & Mining ETF Trading Down 1.9 %

Shares of SPDR S&P Metals & Mining ETF stock traded down $1.08 during trading on Monday, reaching $55.54. The company’s stock had a trading volume of 896,892 shares, compared to its average volume of 2,099,864. SPDR S&P Metals & Mining ETF has a one year low of $53.05 and a one year high of $70.49. The stock has a 50-day moving average price of $58.95 and a two-hundred day moving average price of $61.57. The stock has a market capitalization of $1.54 billion, a P/E ratio of 17.04 and a beta of 1.41.

SPDR S&P Metals & Mining ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.0688 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of SPDR S&P Metals & Mining ETF

A number of large investors have recently made changes to their positions in the company. PointState Capital LP acquired a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at approximately $39,522,000. Bank of America Corp DE increased its holdings in SPDR S&P Metals & Mining ETF by 24.4% during the 4th quarter. Bank of America Corp DE now owns 2,458,016 shares of the exchange traded fund’s stock worth $139,492,000 after purchasing an additional 481,655 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter valued at about $20,983,000. GTS Securities LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 188.1% in the fourth quarter. GTS Securities LLC now owns 91,681 shares of the exchange traded fund’s stock valued at $5,203,000 after purchasing an additional 195,802 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its position in shares of SPDR S&P Metals & Mining ETF by 1,082.4% during the fourth quarter. Capital Fund Management S.A. now owns 126,727 shares of the exchange traded fund’s stock worth $7,192,000 after buying an additional 139,627 shares during the period.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.