Investors Purchase High Volume of SPDR S&P Biotech ETF Put Options (NYSEARCA:XBI)

by · The Cerbat Gem

SPDR S&P Biotech ETF (NYSEARCA:XBI – Get Free Report) was the target of some unusual options trading on Wednesday. Stock investors purchased 71,998 put options on the stock. This represents an increase of 37% compared to the average volume of 52,743 put options.

SPDR S&P Biotech ETF Stock Up 2.8%

XBI opened at $121.83 on Thursday. The firm has a market cap of $7.40 billion, a P/E ratio of 11.47 and a beta of 0.93. The business’s fifty day simple moving average is $110.33 and its 200 day simple moving average is $95.14. SPDR S&P Biotech ETF has a 52 week low of $66.66 and a 52 week high of $123.47.

Institutional Investors Weigh In On SPDR S&P Biotech ETF

Several hedge funds have recently modified their holdings of XBI. Allworth Financial LP raised its position in shares of SPDR S&P Biotech ETF by 20.6% in the third quarter. Allworth Financial LP now owns 2,134 shares of the exchange traded fund’s stock valued at $214,000 after buying an additional 365 shares during the last quarter. Investment Research Partners LLC purchased a new stake in SPDR S&P Biotech ETF in the 3rd quarter worth approximately $1,751,000. Capital Square LLC acquired a new position in SPDR S&P Biotech ETF in the 3rd quarter valued at $220,000. CIBC Bancorp USA Inc. acquired a new position in SPDR S&P Biotech ETF in the 3rd quarter valued at $2,919,000. Finally, Centaurus Financial Inc. purchased a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter worth $113,000.

About SPDR S&P Biotech ETF

(Get Free Report)

SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.

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