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

SPDR S&P Metals and Mining (NYSEARCA:XME) saw some unusual options trading on Wednesday. Stock traders bought 9,895 call options on the stock. This is an increase of 459% compared to the typical daily volume of 1,771 call options.

A hedge fund recently raised its stake in SPDR S&P Metals and Mining stock. Daiwa Securities Group Inc. boosted its stake in shares of SPDR S&P Metals and Mining (NYSEARCA:XME) by 28.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,700 shares of the exchange traded fund’s stock after buying an additional 1,700 shares during the period. Daiwa Securities Group Inc.’s holdings in SPDR S&P Metals and Mining were worth $231,000 as of its most recent filing with the SEC.

SPDR S&P Metals and Mining (NYSEARCA XME) traded down 1.83% on Friday, reaching $31.13. The company’s stock had a trading volume of 2,518,373 shares. SPDR S&P Metals and Mining has a 1-year low of $23.97 and a 1-year high of $35.21. The firm’s 50 day moving average price is $30.17 and its 200-day moving average price is $30.83.

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SPDR S&P Metals and Mining 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.

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