Traders Purchase High Volume of Put Options on Communication Services Select Sector SPDR Fund (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) saw some unusual options trading on Monday. Stock traders acquired 46,995 put options on the company. This is an increase of 998% compared to the typical daily volume of 4,280 put options.

Communication Services Select Sector SPDR Fund Trading Up 1.3%

XLC stock opened at $107.66 on Tuesday. Communication Services Select Sector SPDR Fund has a 1-year low of $105.03 and a 1-year high of $120.40. The business’s 50 day moving average is $111.15 and its 200-day moving average is $114.08. The firm has a market cap of $22.04 billion, a P/E ratio of 19.19 and a beta of 0.98.

Institutional Trading of Communication Services Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLC. Atlantic Union Bankshares Corp boosted its stake in shares of Communication Services Select Sector SPDR Fund by 93.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 213 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Rossby Financial LCC bought a new position in Communication Services Select Sector SPDR Fund during the 4th quarter valued at about $25,000. Nvwm LLC boosted its position in Communication Services Select Sector SPDR Fund by 1,035.0% in the fourth quarter. Nvwm LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 207 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in Communication Services Select Sector SPDR Fund in the fourth quarter valued at about $28,000. Finally, BankChampaign National Association bought a new stake in Communication Services Select Sector SPDR Fund during the first quarter worth about $32,000.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.