SPDR S&P Metals & Mining ETF Sees Unusually Large Options Volume (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of some unusual options trading on Monday. Investors acquired 8,135 put options on the stock. This represents an increase of approximately 34% compared to the average daily volume of 6,093 put options.

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

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of SPDR S&P Metals & Mining ETF by 18.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,175 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 795 shares during the period. ABLE Financial Group LLC bought a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at $210,000. Vermillion Wealth Management Inc. bought a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at $521,000. GTS Securities LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 188.1% in the 4th 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, Pettinga Financial Advisors LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF by 32.7% in the 4th quarter. Pettinga Financial Advisors LLC now owns 14,014 shares of the exchange traded fund’s stock worth $795,000 after purchasing an additional 3,450 shares during the last quarter.

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

XME stock traded down $1.08 during trading on Monday, reaching $55.54. 896,892 shares of the stock were exchanged, compared to its average volume of 2,099,864. SPDR S&P Metals & Mining ETF has a twelve month low of $53.05 and a twelve month high of $70.49. The company has a market capitalization of $1.54 billion, a P/E ratio of 17.04 and a beta of 1.41. The stock has a 50 day simple moving average of $58.95 and a 200-day simple moving average of $61.57.

SPDR S&P Metals & Mining ETF Cuts Dividend

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

SPDR S&P Metals & Mining ETF Company Profile

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.