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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of some unusual options trading activity on Thursday. Stock investors purchased 163,778 put options on the company. Thisisanincreaseofapproximately90% compared to the average volume of 86,227 put options.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of XLE. Kingstone Capital Partners Texas LLC raised its holdings in Energy Select Sector SPDR Fund by 547,621.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 223,048,647 shares of the exchange traded fund’s stock valued at $19,435,626,000 after acquiring an additional 223,007,924 shares during the period. Menora Mivtachim Holdings LTD. raised its holdings in Energy Select Sector SPDR Fund by 305.6% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 5,007,550 shares of the exchange traded fund’s stock valued at $467,956,000 after acquiring an additional 3,772,850 shares during the period. Hsbc Holdings PLC raised its holdings in Energy Select Sector SPDR Fund by 770.4% during the 1st quarter. Hsbc Holdings PLC now owns 3,418,739 shares of the exchange traded fund’s stock valued at $319,762,000 after acquiring an additional 3,025,982 shares during the period. JPMorgan Chase & Co. raised its holdings in Energy Select Sector SPDR Fund by 32.7% during the 1st quarter. JPMorgan Chase & Co. now owns 10,506,201 shares of the exchange traded fund’s stock valued at $981,813,000 after acquiring an additional 2,588,452 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Energy Select Sector SPDR Fund by 18,164.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,558,341 shares of the exchange traded fund’s stock worth $145,627,000 after purchasing an additional 1,549,809 shares during the period.

Energy Select Sector SPDR Fund Price Performance

Shares of XLE stock opened at $89.90 on Friday. The company’s fifty day simple moving average is $86.55 and its two-hundred day simple moving average is $85.95. Energy Select Sector SPDR Fund has a 1 year low of $74.49 and a 1 year high of $97.92. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 15.59 and a beta of 1.36.

About Energy Select Sector SPDR Fund

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.