Homebuilder Stocks See Volatile Mid-Day Trading, Regain Ground

Benzinga

Homebuilder names such as Lennar Corporation (NYSE:LEN), D.R. Horton, Inc. (NYSE:DHI) and KB Home (NYSE:KBH) among others saw heavy selling just before 1 p.m. ET. On December 31, Nasdaq reported outflows in SPDR S&P Homebuilder (ETF) (NASDAQ:XHB) reached 3 percent week over week, signaling many investors fled exposure.

Traders speculated of a possible ETF creation driving the mid-day volatility. Reports have been circulating of various hedge funds seeking to design trades that would pay off should the structural makeup of the ETF market fail.

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