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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 136,925 put options on the company. This represents an increase of 32% compared to the average daily volume of 103,598 put options.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Cibc World Market Inc. boosted its stake in shares of Energy Select Sector SPDR Fund by 436.8% during the third quarter. Cibc World Market Inc. now owns 2,060,689 shares of the exchange traded fund’s stock valued at $184,102,000 after purchasing an additional 2,672,508 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in shares of Energy Select Sector SPDR Fund by 9,245.7% in the second quarter. Laurel Wealth Advisors LLC now owns 1,549,336 shares of the exchange traded fund’s stock valued at $131,399,000 after purchasing an additional 1,532,758 shares during the period. Capital Investment Advisors LLC increased its position in Energy Select Sector SPDR Fund by 1,540.9% during the 4th quarter. Capital Investment Advisors LLC now owns 1,483,398 shares of the exchange traded fund’s stock valued at $66,323,000 after purchasing an additional 1,392,995 shares during the period. Envestnet Asset Management Inc. grew its position in Energy Select Sector SPDR Fund by 52.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,406,215 shares of the exchange traded fund’s stock worth $214,971,000 after purchasing an additional 832,778 shares during the last quarter. Finally, PGIM Custom Harvest LLC purchased a new stake in shares of Energy Select Sector SPDR Fund in the third quarter worth about $71,296,000.

Energy Select Sector SPDR Fund Trading Up 0.4%

Shares of XLE traded up $0.19 on Thursday, reaching $48.94. The company’s stock had a trading volume of 35,484,337 shares, compared to its average volume of 50,833,785. The stock has a market capitalization of $30.10 billion, a PE ratio of 15.59 and a beta of 0.77. The firm has a fifty day moving average of $45.54 and a 200-day moving average of $44.46. Energy Select Sector SPDR Fund has a twelve month low of $37.24 and a twelve month high of $49.05.

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. The Fund’s investment advisor is SSgA Funds Management, Inc