Investors Purchase High Volume of Call Options on SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 361,292 call options on the company. This is an increase of approximately 174% compared to the average daily volume of 132,080 call options.

SPDR S&P Regional Banking ETF Trading Up 0.1 %

Shares of NYSEARCA KRE traded up $0.06 during mid-day trading on Thursday, hitting $66.25. The company had a trading volume of 1,333,459 shares, compared to its average volume of 14,484,335. SPDR S&P Regional Banking ETF has a one year low of $43.51 and a one year high of $67.96. The company has a market capitalization of $3.54 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a 50-day simple moving average of $58.20 and a two-hundred day simple moving average of $53.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Financial Counselors Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at $207,000. Goodman Financial Corp increased its stake in shares of SPDR S&P Regional Banking ETF by 0.6% during the 3rd quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock worth $21,019,000 after purchasing an additional 2,159 shares during the last quarter. Petiole USA ltd bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $3,311,000. Millrace Asset Group Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $2,686,000. Finally, FMR LLC grew its holdings in SPDR S&P Regional Banking ETF by 151.0% during the third quarter. FMR LLC now owns 8,376 shares of the exchange traded fund’s stock worth $474,000 after purchasing an additional 5,039 shares during the period.

SPDR S&P Regional Banking ETF Company Profile

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.