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 target of some unusual options trading activity on Tuesday. Investors acquired 12,187 put options on the company. This represents an increase of 44% compared to the typical daily volume of 8,455 put options.

Consumer Discretionary Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLY opened at $107.77 on Wednesday. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 27.10 and a beta of 1.23. The firm’s 50 day simple moving average is $114.26 and its 200 day simple moving average is $117.57. Consumer Discretionary Select Sector SPDR Fund has a fifty-two week low of $86.98 and a fifty-two week high of $125.01.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of XLY. Steph & Co. raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 100.0% during the 4th quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 104 shares during the period. WealthShield Partners LLC raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 98.1% during the 4th quarter. WealthShield Partners LLC now owns 212 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 105 shares during the period. Wolff Wiese Magana LLC raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 170.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 108 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 68 shares during the period. Caitlin John LLC acquired a new stake in Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter worth approximately $27,000. Finally, Costello Asset Management INC raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 99.1% during the 4th quarter. Costello Asset Management INC now owns 227 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 113 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

About Consumer Discretionary Select Sector SPDR Fund

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.