Stock Traders Purchase Large Volume of Put Options on SPDR S&P Biotech ETF (NYSEARCA:XBI)

by · The Cerbat Gem

SPDR S&P Biotech ETF (NYSEARCA:XBI – Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders bought 83,179 put options on the company. This is an increase of approximately 50% compared to the average volume of 55,585 put options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. DHJJ Financial Advisors Ltd. acquired a new position in shares of SPDR S&P Biotech ETF during the second quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of SPDR S&P Biotech ETF during the 2nd quarter valued at $26,000. Johnson Financial Group Inc. bought a new stake in shares of SPDR S&P Biotech ETF in the 2nd quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the second quarter valued at $32,000. Finally, Davis Capital Management bought a new position in SPDR S&P Biotech ETF during the third quarter valued at about $35,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA XBI traded up $3.35 during mid-day trading on Friday, hitting $123.36. The company’s stock had a trading volume of 8,799,899 shares, compared to its average volume of 10,432,227. SPDR S&P Biotech ETF has a 52-week low of $66.66 and a 52-week high of $125.87. The stock’s fifty day simple moving average is $114.83 and its two-hundred day simple moving average is $98.30. The firm has a market capitalization of $7.49 billion, a P/E ratio of 11.47 and a beta of 0.93.

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. The Biotech Index is a modified equal weight index.

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