SPDR S&P Oil & Gas Exploration & Production ETF Sees Unusually High Options Volume (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was the recipient of unusually large options trading activity on Monday. Traders acquired 48,218 call options on the company. This is an increase of approximately 161% compared to the typical volume of 18,463 call options.

Institutional Trading of SPDR S&P Oil & Gas Exploration & Production ETF

Several hedge funds have recently made changes to their positions in XOP. Toronto Dominion Bank increased its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 41.8% during the 1st quarter. Toronto Dominion Bank now owns 308,072 shares of the company’s stock worth $47,730,000 after buying an additional 90,832 shares during the period. Oakworth Capital Inc. increased its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 5.1% during the first quarter. Oakworth Capital Inc. now owns 199,724 shares of the company’s stock worth $30,943,000 after acquiring an additional 9,707 shares during the period. Meritage Portfolio Management acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at $7,439,000. OLD Mission Capital LLC purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the first quarter valued at $7,205,000. Finally, Van ECK Associates Corp boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 40,354 shares of the company’s stock valued at $5,525,000 after purchasing an additional 8,669 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance

Shares of NYSEARCA XOP traded up $0.20 during trading on Monday, reaching $145.67. The stock had a trading volume of 1,431,264 shares, compared to its average volume of 3,249,371. The business’s 50-day moving average price is $149.24 and its 200-day moving average price is $144.30. SPDR S&P Oil & Gas Exploration & Production ETF has a fifty-two week low of $123.24 and a fifty-two week high of $162.49. The company has a market cap of $3.71 billion, a P/E ratio of 4.95 and a beta of 0.68.

About SPDR S&P Oil & Gas Exploration & Production ETF

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.