In today’s session SPDR S&P Metals and Mining (ETF) (XME) recorded an unusually high (1,837) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XME decrease. With 1,837 contracts traded and 43984 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XME170120P00029000 closed last at: $0.73 or 1.4% down. SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) has risen 41.58% since April 25, 2016 and is uptrending. It has outperformed by 35.56% the S&P500.
SPDR S&P Metals & Mining ETF seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The ETF has a market cap of $867.45 million. The Index is an equal weighted market cap index. It currently has negative earnings. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.
XME Company Profile
SPDR S&P Metals & Mining Exchange Traded Fund (The Fund) seeks to replicate as closely as possible, before expenses, the performance of an index derived from the metals and mining segment of the United States total market composite index. The Fund uses a passive management strategy designed to track the total return performance of the S&P Metals & Mining Select Industry Index (the Metals & Mining Index).
More notable recent SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) news were published by: Realmoney.Thestreet.com which released: “Don’t Bet Against Metals and Mining Momentum” on November 28, 2016, also Seekingalpha.com with their article: “A Changing Of The Guard” published on November 08, 2016, Forbes.com published: “Why Didn’t I Buy This Mining ETF?” on June 07, 2016. More interesting news about SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) were released by: Seekingalpha.com and their article: “How To Trade Industrial Metals Miners And Trading Idea” published on October 16, 2016 as well as Forbes.com‘s news article titled: “Freeport-McMoran Copper & Gold Stock Sees Short Interest Move 20.5% Lower” with publication date: November 28, 2016.
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