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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of unusually large options trading activity on Thursday. Traders bought 188,201 put options on the company. This represents an increase of 447% compared to the average volume of 34,390 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new stake in Industrial Select Sector SPDR Fund in the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new position in Industrial Select Sector SPDR Fund during the 4th quarter valued at about $25,000. Main Street Group LTD bought a new stake in shares of Industrial Select Sector SPDR Fund in the 1st quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Industrial Select Sector SPDR Fund by 148.1% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Industrial Select Sector SPDR Fund in the 4th quarter worth approximately $31,000.

Industrial Select Sector SPDR Fund Stock Up 0.3%

XLI traded up $0.57 on Thursday, reaching $183.93. 2,308,345 shares of the company traded hands, compared to its average volume of 11,040,363. The company has a market cap of $33.18 billion, a P/E ratio of 24.30 and a beta of 0.98. Industrial Select Sector SPDR Fund has a one year low of $147.13 and a one year high of $186.09. The firm has a fifty day simple moving average of $175.20 and a two-hundred day simple moving average of $169.39.

About Industrial Select Sector SPDR Fund

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.