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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading activity on Tuesday. Traders acquired 361,292 call options on the stock. This represents an increase of approximately 174% compared to the typical volume of 132,080 call options.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $66.63 on Wednesday. SPDR S&P Regional Banking ETF has a 12-month low of $40.76 and a 12-month high of $67.79. The stock has a market capitalization of $3.56 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm’s 50 day moving average is $58.00 and its 200-day moving average is $53.77.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 136.5% during the 1st quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock worth $145,519,000 after purchasing an additional 1,670,478 shares in the last quarter. Main Management ETF Advisors LLC grew its position in SPDR S&P Regional Banking ETF by 2.6% in the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock worth $124,653,000 after acquiring an additional 63,750 shares in the last quarter. Baymount Management LP acquired a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth $51,185,000. Bessemer Group Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 7.5% during the 1st quarter. Bessemer Group Inc. now owns 913,986 shares of the exchange traded fund’s stock worth $45,956,000 after purchasing an additional 63,380 shares during the last quarter. Finally, Main Management Fund Advisors LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 11.6% during the 1st quarter. Main Management Fund Advisors LLC now owns 884,200 shares of the exchange traded fund’s stock valued at $44,458,000 after purchasing an additional 92,200 shares in the last quarter.

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.