Stock Traders Purchase Large Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 28,100 put options on the stock. This is an increase of approximately 296% compared to the average volume of 7,089 put options.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.6%

NYSEARCA XLY traded down $0.66 on Friday, reaching $110.86. The company had a trading volume of 11,704,730 shares, compared to its average volume of 11,825,454. The stock has a market capitalization of $21.85 billion, a PE ratio of 27.10 and a beta of 1.21. Consumer Discretionary Select Sector SPDR Fund has a 12 month low of $86.55 and a 12 month high of $125.01. The firm’s 50 day moving average price is $118.72 and its 200 day moving average price is $118.62.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Consumer Discretionary Select Sector SPDR Fund by 98.6% in the fourth quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock worth $4,681,565,000 after purchasing an additional 19,466,208 shares during the last quarter. Morgan Stanley raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% during the 4th quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock valued at $876,471,000 after buying an additional 3,789,323 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after acquiring an additional 2,096,216 shares during the last quarter. JPMorgan Chase & Co. grew its position in Consumer Discretionary Select Sector SPDR Fund by 37.9% in the second quarter. JPMorgan Chase & Co. now owns 7,501,177 shares of the exchange traded fund’s stock worth $1,630,231,000 after acquiring an additional 2,062,965 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Consumer Discretionary Select Sector SPDR Fund by 411.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,480,601 shares of the exchange traded fund’s stock worth $296,197,000 after acquiring an additional 1,995,991 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

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.