Investors Purchase High Volume of SPDR S&P Oil & Gas Exploration & Production ETF Put Options (NYSEARCA:XOP)

by · The Markets Daily

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP – Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors bought 34,314 put options on the stock. This is an increase of approximately 48% compared to the average daily volume of 23,207 put options.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 17.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,268 shares of the company’s stock valued at $94,598,000 after purchasing an additional 105,387 shares in the last quarter. Toronto Dominion Bank increased its position in SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% during the third quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock worth $48,258,000 after buying an additional 71,116 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter worth about $24,973,000. Connable Office Inc. boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 1.3% during the 3rd quarter. Connable Office Inc. now owns 118,154 shares of the company’s stock worth $15,540,000 after acquiring an additional 1,543 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 233.4% during the 3rd quarter. SG Americas Securities LLC now owns 41,281 shares of the company’s stock valued at $5,429,000 after acquiring an additional 28,901 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance

Shares of NYSEARCA XOP traded down $1.72 during mid-day trading on Tuesday, reaching $143.73. The company had a trading volume of 2,028,031 shares, compared to its average volume of 2,574,309. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 4.95 and a beta of 0.68. The stock has a fifty day moving average of $138.16 and a two-hundred day moving average of $137.50. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $124.12 and a 12-month high of $162.49.

About SPDR S&P Oil & Gas Exploration & Production ETF

(Get Free Report)

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.

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