In today’s session SPDR KBW Bank (ETF) (KBE) registered an unusually high (491) 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 491 contracts traded and 20364 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: KBE161216C00041000 closed last at: $0.65 or 30% up. SPDR KBW Bank (ETF) (NYSEARCA:KBE) has risen 26.03% since April 28, 2016 and is uptrending. It has outperformed by 20.11% 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 $3.27 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 7.95 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 important recent SPDR KBW Bank (ETF) (NYSEARCA:KBE) news were published by: Etfdailynews.com which released: “Bank ETFs Starting To Look Like A Bargain” on October 13, 2016, also Forbes.com published article titled: “Positioning Your Portfolio For President Trump”, Benzinga.com published: “Banking, Consumer Discretionary And Corporate Bond ETFs To Watch This Week” on July 12, 2015. More interesting news about SPDR KBW Bank (ETF) (NYSEARCA:KBE) was released by: Thestreet.com and their article: “Markets Close Lower as Leaders Become Laggards on Monday” with publication date: November 28, 2016.
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