Stock Traders Purchase Large Volume of Industrial Select Sector SPDR Fund Put Options (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw some unusual options trading on Tuesday. Investors purchased 157,135 put options on the company. This is an increase of 138% compared to the typical volume of 66,043 put options.

Institutional Trading of Industrial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth about $337,000. AQR Capital Management LLC raised its holdings in Industrial Select Sector SPDR Fund by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 16,419 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 4,469 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Industrial Select Sector SPDR Fund by 113.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,143 shares of the exchange traded fund’s stock worth $10,242,000 after purchasing an additional 41,543 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in Industrial Select Sector SPDR Fund by 25.8% during the first quarter. Ashton Thomas Private Wealth LLC now owns 51,002 shares of the exchange traded fund’s stock worth $6,685,000 after purchasing an additional 10,458 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new stake in Industrial Select Sector SPDR Fund in the first quarter valued at approximately $2,924,000.

Industrial Select Sector SPDR Fund Price Performance

Shares of NYSEARCA XLI opened at $162.02 on Wednesday. The stock has a market capitalization of $26.64 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. Industrial Select Sector SPDR Fund has a 12 month low of $112.75 and a 12 month high of $162.16. The firm’s 50 day simple moving average is $154.40 and its 200-day simple moving average is $152.55.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.