Financial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of unusually large options trading on Thursday. Investors bought 236,018 put options on the stock. This is an increase of 26% compared to the typical daily volume of 187,476 put options.

Financial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLF opened at $48.79 on Friday. The business has a fifty day moving average of $45.90 and a 200-day moving average of $43.36. The firm has a market cap of $45.48 billion, a PE ratio of 18.32 and a beta of 0.83. Financial Select Sector SPDR Fund has a twelve month low of $33.46 and a twelve month high of $49.68.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. acquired a new stake in Financial Select Sector SPDR Fund in the third quarter worth about $26,000. Rakuten Securities Inc. grew its position in shares of Financial Select Sector SPDR Fund by 212.4% during the 3rd quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares during the period. Transcendent Capital Group LLC lifted its holdings in Financial Select Sector SPDR Fund by 4,000.0% in the third quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 600 shares during the period. Rational Advisors LLC acquired a new position in Financial Select Sector SPDR Fund in the third quarter valued at approximately $34,000. Finally, Highline Wealth Partners LLC bought a new position in Financial Select Sector SPDR Fund in the third quarter valued at approximately $36,000.

About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.