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US to award $389 million in R&D funds for power semiconductors, critical materials
SPDR S&P Metals and Mining ETF (NYSE:XME) is seeing unusually heavy call activity today.
SPDR S&P Metals and Mining ETF (NYSEARCA:XME - Get Free Report) was the target of some unusual options trading activity on Tuesday. Traders acquired 16,055 call options on the company. This is an increase of approximately 372% compared to the average daily volume of 3,398 call options. SPDR S&P Metals and Mining ETF Stock Performance
SPDR S&P Metals & Mining ETF (XME) currently has a diversified portfolio, with steel, gold, and coal dominating allocations over copper. XME's commodity exposures and top holdings shift frequently, so investors should not expect static sector or company weights. Gold's recent price surge and central bank buying have benefited XME more than copper, despite long-term copper demand projections.
Following last week's macroeconomic developments — such as the July jobs report — it's worth taking a look at near-term ETF performance. Tracking top-performing funds allows advisors and investors to see what thematic strategies are resonating in the market.
The United States is finally starting to dig itself out of a rare earth metals hole it spent decades digging. The effort got a boost on July 29, when Energy Fuels announced that construction has begun on a commercial-scale expansion at its White Mesa Mill in Utah.
Bank of America Corp DE increased its holdings in shares of SPDR S&P Metals and Mining ETF (NYSEARCA:XME) by 302.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,579,721 shares of the exchange traded fund's stock after purchasing an additional