Industrial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of some unusual options trading on Friday. Investors acquired 134,998 put options on the company. This represents an increase of 124% compared to the average volume of 60,371 put options.

Industrial Select Sector SPDR Fund Price Performance

Shares of XLI traded down $1.17 during trading hours on Friday, hitting $164.70. The stock had a trading volume of 2,915,599 shares, compared to its average volume of 10,959,987. Industrial Select Sector SPDR Fund has a 52 week low of $112.75 and a 52 week high of $167.20. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. The company’s fifty day moving average is $158.30 and its two-hundred day moving average is $154.43.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLI. Richards Merrill & Peterson Inc. acquired a new position in Industrial Select Sector SPDR Fund during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC lifted its position in shares of Industrial Select Sector SPDR Fund by 118.7% during the third quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Industrial Select Sector SPDR Fund during the third quarter worth approximately $31,000. Ransom Advisory Ltd bought a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at approximately $31,000. Finally, Chesapeake Asset Management LLC acquired a new stake in shares of Industrial Select Sector SPDR Fund in the fourth quarter valued at approximately $31,000.

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.