What Could Be Propelling SPDR S&P Homebuilders (ETF) to Decrease?

 What Could Be Propelling SPDR S&P Homebuilders (ETF) to Decrease?

In today’s session SPDR S&P Homebuilders (ETF) (XHB) recorded an unusually high (5,506) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XHB decrease. With 5,506 contracts traded and 6684 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XHB170120P00027000 closed last at: $0.19 or 9.5% down. SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) has declined 3.43% since April 14, 2016 and is downtrending. It has underperformed by 8.11% the S&P500.

SPDR S&P Homebuilders ETF seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The ETF has a market cap of $1.03 billion. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. It currently has negative earnings. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.

XHB Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to replicate as closely as possible, before expenses, the performance of the S&P Homebuilders Select Industry Index (the Index). To accomplish this, the Fund utilizes a passive or indexing approach and attempts to approximate the investment performance of its Index, by investing in a portfolio of stocks intended to replicate the Index.

More notable recent SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) news were published by: Nasdaq.com which released: “SPDR S&P Homebuilders ETF Experiences Big Outflow” on September 16, 2016, also Marketwatch.com with their article: “SPDR S&P Homebuilders ETF” published on January 27, 2010, Nasdaq.com published: “SPDR S&P Homebuilders (XHB) Shares Cross Above 200 DMA” on November 15, 2016. More interesting news about SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) were released by: Marketwatch.com and their article: “S&P 500’s ‘bull trend’ strengthens amid election-fueled sector rotation” published on November 15, 2016 as well as Benzinga.com‘s news article titled: “Building Something With Homebuilders ETFs” with publication date: December 01, 2015.

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