SPDR KBW Regional Banking (ETF) Has Another Very Positive Options Trading Session

 SPDR KBW Regional Banking (ETF) Has Another Very Positive Options Trading Session

In today’s session SPDR KBW Regional Banking (ETF) (KRE) registered an unusually high (2,402) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious KRE increase. With 2,402 contracts traded and 48074 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: KRE161216C00044000 closed last at: $2.98 or 136.5% up. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 31.24% since April 11, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

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. The ETF has a market cap of $2.52 billion. The Company’s approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. It currently has negative earnings. 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.

KRE Company Profile

SPDR KBW Regional Banking ETF (the Fund), formerly KBW Regional Banking ETF, is a non-diversified investment company. The Fund seeks to replicate as closely as possible the performance of the KBW Regional Banking Index (the Index). The Fund has entered into an investment advisory agreement with SSgA Funds Management, Inc.

More recent SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) news were published by: Benzinga.com which released: “Guess What? It’s Time For Bank ETFs” on December 15, 2015. Also Investorplace.com published the news titled: “Bank Stocks Are Better Off If Hillary Clinton Beats Donald Trump” on October 24, 2016. Nasdaq.com‘s news article titled: “Sector ETFs Hitting 52-Week High on Trump’s Victory” with publication date: November 10, 2016 was also an interesting one.

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