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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading on Wednesday. Investors purchased 118,919 put options on the company. This represents an increase of approximately 176% compared to the average daily volume of 43,150 put options.

Industrial Select Sector SPDR Fund Stock Performance

NYSEARCA:XLI opened at $164.43 on Thursday. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. Industrial Select Sector SPDR Fund has a 1 year low of $112.75 and a 1 year high of $179.30. The business has a fifty day moving average of $169.24 and a 200-day moving average of $160.05.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its stake in shares of Industrial Select Sector SPDR Fund by 118.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 89 shares during the period. Richards Merrill & Peterson Inc. acquired a new position in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in Industrial Select Sector SPDR Fund during the fourth quarter worth approximately $25,000. Financial Network Wealth Advisors LLC lifted its position in Industrial Select Sector SPDR Fund by 148.1% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 117 shares during the period. Finally, Chung Wu Investment Group LLC acquired a new stake in Industrial Select Sector SPDR Fund in the third quarter worth approximately $31,000.

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.