SPDR S&P Homebuilders (ETF) Can’t Be More Safe. Option Traders Like It

 SPDR S&P Homebuilders (ETF) Can't Be More Safe. Option Traders Like It

In today’s session SPDR S&P Homebuilders (ETF) (XHB) registered an unusually high (252) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious XHB increase. With 252 contracts traded and 8324 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: XHB170120C00034000 closed last at: $1.13 or 19.3% down. SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) has declined 1.44% since April 27, 2016 and is downtrending. It has underperformed by 6.66% 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 $1.15 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: Etfdailynews.com which released: “Housing Data, Changing Demographics Bode Well For Home Builders” on November 27, 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 October 16, 2016. More interesting news about SPDR S&P Homebuilders (ETF) (NYSEARCA:XHB) were released by: Benzinga.com and their article: “Building Something With Homebuilders ETFs” published on December 01, 2015 as well as Benzinga.com‘s news article titled: “Existing Home Sales Data Shows A ‘Strong Appetite’ For Homebuying” with publication date: July 21, 2016.

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