Traders Buy High 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 unusually large options trading activity on Wednesday. Stock investors acquired 110,204 put options on the company. This is an increase of 612% compared to the typical volume of 15,475 put options.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of the stock. Bellevue Asset Management LLC increased its stake in Consumer Discretionary Select Sector SPDR Fund by 100.0% in the 4th quarter. Bellevue Asset Management LLC now owns 276 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 138 shares in the last quarter. Financial Enhancement Group LLC increased its position in Consumer Discretionary Select Sector SPDR Fund by 107.4% in the 4th quarter. Financial Enhancement Group LLC now owns 58,826 shares of the exchange traded fund’s stock worth $7,141,000 after purchasing an additional 30,459 shares during the last quarter. Steph & Co. raised its holdings in shares of 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 valued at $25,000 after purchasing an additional 104 shares in the last quarter. Webster Bank N. A. lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% in the fourth quarter. Webster Bank N. A. now owns 1,008 shares of the exchange traded fund’s stock worth $120,000 after buying an additional 504 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 91.4% during the fourth quarter. FSM Wealth Advisors LLC now owns 1,814 shares of the exchange traded fund’s stock valued at $217,000 after purchasing an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Trading Down 1.1%

NYSEARCA XLY opened at $117.89 on Thursday. The company has a market capitalization of $22.85 billion, a PE ratio of 27.10 and a beta of 1.21. The business’s 50-day moving average price is $115.93 and its 200 day moving average price is $116.04. Consumer Discretionary Select Sector SPDR Fund has a twelve month low of $105.19 and a twelve month high of $125.01.

Consumer Discretionary Select Sector SPDR Fund Company Profile

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.