Traders Buy High Volume of Industrial Select Sector SPDR Fund Put Options (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw some unusual options trading on Tuesday. Investors purchased 157,135 put options on the company. This represents an increase of 138% compared to the average daily volume of 66,043 put options.

Industrial Select Sector SPDR Fund Trading Up 1.4%

NYSEARCA XLI traded up $2.17 on Tuesday, reaching $162.02. 12,501,736 shares of the stock were exchanged, compared to its average volume of 12,924,215. Industrial Select Sector SPDR Fund has a one year low of $112.75 and a one year high of $162.16. The firm has a market capitalization of $26.64 billion, a PE ratio of 24.30 and a beta of 1.07. The company’s 50-day simple moving average is $154.25 and its two-hundred day simple moving average is $152.41.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XLI. Laurel Wealth Advisors LLC boosted its stake in shares of Industrial Select Sector SPDR Fund by 17,584.4% in the second quarter. Laurel Wealth Advisors LLC now owns 1,952,891 shares of the exchange traded fund’s stock worth $288,090,000 after acquiring an additional 1,941,848 shares during the period. Focus Partners Wealth lifted its holdings in Industrial Select Sector SPDR Fund by 814.7% in the 3rd quarter. Focus Partners Wealth now owns 2,074,413 shares of the exchange traded fund’s stock worth $319,937,000 after purchasing an additional 1,847,618 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Industrial Select Sector SPDR Fund by 51.5% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,528,840 shares of the exchange traded fund’s stock worth $544,253,000 after purchasing an additional 1,200,000 shares in the last quarter. PGIM Custom Harvest LLC bought a new position in Industrial Select Sector SPDR Fund in the 3rd quarter worth approximately $183,767,000. Finally, Phoenix Financial Ltd. grew its holdings in Industrial Select Sector SPDR Fund by 85.5% during the 2nd quarter. Phoenix Financial Ltd. now owns 2,444,375 shares of the exchange traded fund’s stock valued at $360,593,000 after buying an additional 1,126,334 shares in the last quarter.

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.