SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Stock Sees Unusually High Put Option Buying

by · The Markets Daily

SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors bought 192,147 put options on the stock. This represents an increase of approximately 138% compared to the typical volume of 80,800 put options.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA:KRE traded down $0.39 during mid-day trading on Wednesday, hitting $69.44. The company had a trading volume of 22,221,130 shares, compared to its average volume of 15,939,175. The firm has a market cap of $3.61 billion, a P/E ratio of 12.39 and a beta of 0.83. The business’s fifty day moving average is $74.54 and its two-hundred day moving average is $71.62. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.35.

Hedge Funds Weigh In On SPDR S&P Regional Banking ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KRE. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of SPDR S&P Regional Banking ETF by 6.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock valued at $580,957,000 after purchasing an additional 521,000 shares in the last quarter. Bessemer Group Inc. increased its stake in SPDR S&P Regional Banking ETF by 17.3% in the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock valued at $147,640,000 after buying an additional 333,799 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in SPDR S&P Regional Banking ETF during the first quarter worth about $83,392,000. MKP Capital Management L.L.C. bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $48,329,000. Finally, IMC Chicago LLC raised its position in SPDR S&P Regional Banking ETF by 164.2% during the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock worth $42,552,000 after acquiring an additional 353,319 shares in the last quarter.

About SPDR S&P Regional Banking ETF

(Get Free Report)

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.

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