Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Sees Unusually High Put Option Buying

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading on Wednesday. Traders acquired 61,113 put options on the company. This is an increase of 128% compared to the typical volume of 26,782 put options.

Institutional Trading of Industrial Select Sector SPDR Fund

Large investors have recently made changes to their positions in the stock. XP Advisory US Inc. acquired a new position in Industrial Select Sector SPDR Fund during the 2nd quarter worth $31,000. Main Street Group LTD bought a new position in shares of Industrial Select Sector SPDR Fund in the first quarter worth about $28,000. Financial Management Professionals Inc. acquired a new position in shares of Industrial Select Sector SPDR Fund during the 2nd quarter worth about $34,000. Financial Network Wealth Advisors LLC lifted its position in shares of Industrial Select Sector SPDR Fund by 148.1% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in Industrial Select Sector SPDR Fund during the 1st quarter valued at approximately $32,000.

Industrial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLI traded up $0.85 during trading hours on Friday, hitting $169.49. The stock had a trading volume of 967,823 shares, compared to its average volume of 9,610,878. The company has a market capitalization of $30.34 billion, a P/E ratio of 24.30 and a beta of 0.98. The firm’s 50-day moving average price is $176.95 and its two-hundred day moving average price is $174.85. Industrial Select Sector SPDR Fund has a 52 week low of $147.13 and a 52 week high of $188.19.

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.