Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Sees Heavy Put Option Buying

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading activity on Wednesday. Stock investors purchased 61,113 put options on the company. This represents an increase of approximately 128% compared to the average daily volume of 26,782 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. raised its holdings in Industrial Select Sector SPDR Fund by 55.4% during the second quarter. QRG Capital Management Inc. now owns 4,439 shares of the exchange traded fund’s stock worth $822,000 after purchasing an additional 1,582 shares in the last quarter. State Street Corp lifted its stake in shares of Industrial Select Sector SPDR Fund by 44.8% in the second quarter. State Street Corp now owns 1,099,118 shares of the exchange traded fund’s stock valued at $203,590,000 after purchasing an additional 339,904 shares during the period. Miramontes Capital LLC grew its position in Industrial Select Sector SPDR Fund by 40.2% during the second quarter. Miramontes Capital LLC now owns 2,251 shares of the exchange traded fund’s stock worth $417,000 after buying an additional 646 shares during the period. Capstone Financial Advisors Inc. purchased a new stake in shares of Industrial Select Sector SPDR Fund during the 2nd quarter worth approximately $267,000. Finally, Tidal Investments LLC boosted its position in Industrial Select Sector SPDR Fund by 13.3% during the second quarter. Tidal Investments LLC now owns 32,541 shares of the exchange traded fund’s stock worth $6,028,000 after purchasing an additional 3,814 shares in the last quarter.

Industrial Select Sector SPDR Fund Trading Down 0.8%

NYSEARCA:XLI traded down $1.29 during trading hours on Wednesday, hitting $167.84. The company’s stock had a trading volume of 4,942,055 shares, compared to its average volume of 9,643,574. The stock has a fifty day moving average of $177.45 and a 200-day moving average of $174.81. The stock has a market capitalization of $29.97 billion, a P/E ratio of 24.30 and a beta of 0.98. Industrial Select Sector SPDR Fund has a 52-week low of $147.13 and a 52-week high of $188.19.

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.