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

SPDR S&P Biotech ETF (NYSEARCA:XBI) was the recipient of unusually large options trading activity on Friday. Investors bought 73,593 put options on the company. This represents an increase of 25% compared to the typical volume of 58,703 put options.

Hedge Funds Weigh In On SPDR S&P Biotech ETF

Several large investors have recently made changes to their positions in the business. Tidemark LLC lifted its position in SPDR S&P Biotech ETF by 101.5% in the third quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 199 shares during the last quarter. ORG Partners LLC bought a new position in SPDR S&P Biotech ETF during the 2nd quarter valued at about $40,000. Quintet Private Bank Europe S.A. purchased a new stake in SPDR S&P Biotech ETF in the 3rd quarter worth about $40,000. ORG Wealth Partners LLC bought a new stake in SPDR S&P Biotech ETF in the third quarter worth about $44,000. Finally, Howe & Rusling Inc. bought a new stake in SPDR S&P Biotech ETF in the third quarter worth about $49,000.

SPDR S&P Biotech ETF Trading Down 1.4 %

NYSEARCA XBI traded down $1.31 during trading hours on Friday, hitting $92.89. 7,753,218 shares of the company’s stock traded hands, compared to its average volume of 9,413,228. SPDR S&P Biotech ETF has a 52 week low of $81.14 and a 52 week high of $105.47. The firm has a market capitalization of $7.08 billion, a P/E ratio of 11.47 and a beta of 1.11. The business’s fifty day moving average price is $98.13 and its two-hundred day moving average price is $96.98.

About SPDR S&P Biotech ETF

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.