SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of some unusual options trading activity on Friday. Stock traders bought 160,293 put options on the stock. This is an increase of approximately 57% compared to the average daily volume of 101,940 put options.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE traded up $0.12 during mid-day trading on Friday, reaching $52.09. 18,515,465 shares of the company traded hands, compared to its average volume of 13,928,238. The company’s 50 day moving average price is $48.62 and its 200-day moving average price is $48.99. The firm has a market cap of $2.78 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47.

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

Large investors have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at $26,000. Clear Point Advisors Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Regional Banking ETF during the second quarter valued at approximately $50,000. Founders Financial Alliance LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at $52,000. Finally, Vestor Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $54,000.

About SPDR S&P Regional Banking ETF

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.