In today’s session SPDR KBW Bank (ETF) (KBE) registered an unusually high (10,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious KBE increase. With 10,000 contracts traded and 125194 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: KBE161216C00036000 closed last at: $4.4 or 29.4% up. SPDR KBW Bank (ETF) (NYSEARCA:KBE) has risen 27.05% since April 14, 2016 and is uptrending. It has outperformed by 22.37% the S&P500.
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF , seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The ETF has a market cap of $2.85 billion. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. It has a 7.53 P/E ratio. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).
KBE Company Profile
SPDR KBW Bank ETF (the Fund), formerly KBW Bank ETF, seeks to replicate as closely as possible the performance of the KBW Bank Index (the Index). The Index is a float-adjusted, modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on United States stock markets. It is created and maintained by Keefe, Bruyette & Woods, Inc.
More notable recent SPDR KBW Bank (ETF) (NYSEARCA:KBE) news were published by: Etftrends.com which released: “ETF Spotlight: SPDR KBW Bank ETF (KBE)” on June 16, 2011, also Etfdailynews.com with their article: “Bank ETFs Starting To Look Like A Bargain” published on October 13, 2016, Seekingalpha.com published: “Sell-side takes profits on banks” on November 16, 2016. More interesting news about SPDR KBW Bank (ETF) (NYSEARCA:KBE) were released by: Benzinga.com and their article: “Guess What? It’s Time For Bank ETFs” published on December 15, 2015 as well as Investorplace.com‘s news article titled: “3 Reasons Why President Trump Sounds Good to Banks” with publication date: November 15, 2016.
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