Investors Buy Large Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 34,536 put options on the company. This represents an increase of approximately 195% compared to the average daily volume of 11,695 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 4th quarter worth approximately $26,000. Salem Investment Counselors Inc. purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 2nd quarter worth approximately $27,000. Column Capital Advisors LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 1st quarter worth approximately $28,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter worth approximately $28,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 76.67% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

Shares of XLY stock opened at $167.55 on Wednesday. The company has a 50 day moving average price of $161.11 and a 200 day moving average price of $153.21. Consumer Discretionary Select Sector SPDR Fund has a fifty-two week low of $126.00 and a fifty-two week high of $177.80.

Consumer Discretionary Select Sector SPDR Fund Company Profile

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.