Stock Traders Purchase High Volume of Put Options on Energy Select Sector SPDR Fund (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw some unusual options trading activity on Tuesday. Investors purchased 167,294 put options on the company. This is an increase of approximately 68% compared to the typical volume of 99,459 put options.

Energy Select Sector SPDR Fund Trading Up 0.5 %

Shares of XLE stock opened at $91.22 on Wednesday. The stock has a market cap of $37.93 billion, a P/E ratio of 6.92 and a beta of 1.36. The stock has a 50 day simple moving average of $85.66 and a 200 day simple moving average of $83.13. Energy Select Sector SPDR Fund has a 1 year low of $68.66 and a 1 year high of $94.71.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLE. Mackenzie Financial Corp bought a new stake in shares of Energy Select Sector SPDR Fund during the first quarter worth about $12,363,000. Ergoteles LLC boosted its position in shares of Energy Select Sector SPDR Fund by 1,043.8% in the first quarter. Ergoteles LLC now owns 87,326 shares of the exchange traded fund’s stock valued at $6,675,000 after acquiring an additional 79,691 shares during the period. NewEdge Advisors LLC boosted its position in shares of Energy Select Sector SPDR Fund by 17.7% in the first quarter. NewEdge Advisors LLC now owns 130,693 shares of the exchange traded fund’s stock valued at $9,990,000 after acquiring an additional 19,659 shares during the period. Merit Financial Group LLC bought a new position in shares of Energy Select Sector SPDR Fund in the first quarter valued at approximately $375,000. Finally, Mather Group LLC. boosted its position in shares of Energy Select Sector SPDR Fund by 7.7% in the first quarter. Mather Group LLC. now owns 4,740 shares of the exchange traded fund’s stock valued at $362,000 after acquiring an additional 339 shares during the period.

Energy Select Sector SPDR Fund Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.