Real Estate Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLRE)

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 2,519 put options on the company. This represents an increase of 110% compared to the average daily volume of 1,201 put options.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLRE. Mather Group LLC. purchased a new stake in Real Estate Select Sector SPDR Fund during the third quarter valued at about $29,000. Avalon Trust Co purchased a new stake in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter valued at approximately $32,000. Berbice Capital Management LLC boosted its stake in Real Estate Select Sector SPDR Fund by 300.0% in the 2nd quarter. Berbice Capital Management LLC now owns 800 shares of the company’s stock worth $33,000 after purchasing an additional 600 shares during the period. Triumph Capital Management purchased a new position in Real Estate Select Sector SPDR Fund during the 3rd quarter worth approximately $35,000. Finally, Harbor Asset Planning Inc. acquired a new stake in Real Estate Select Sector SPDR Fund during the 2nd quarter valued at $40,000.

Real Estate Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLRE traded down $0.15 during trading on Friday, hitting $41.00. The company had a trading volume of 2,343,664 shares, compared to its average volume of 9,949,082. Real Estate Select Sector SPDR Fund has a 52 week low of $35.76 and a 52 week high of $43.86. The business’s 50-day moving average is $40.84 and its 200 day moving average is $41.43. The company has a market cap of $7.00 billion, a P/E ratio of 39.18 and a beta of 1.00.

About Real Estate Select Sector SPDR Fund

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.