Consumer Discretionary Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of some unusual options trading on Tuesday. Traders bought 12,187 put options on the stock. This is an increase of 44% compared to the typical volume of 8,455 put options.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of XLY. Steph & Co. grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% in the fourth quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 104 shares in the last quarter. WealthShield Partners LLC grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 98.1% in the fourth quarter. WealthShield Partners LLC now owns 212 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 170.0% in the third quarter. Wolff Wiese Magana LLC now owns 108 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 68 shares in the last quarter. Caitlin John LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the third quarter worth about $27,000. Finally, Costello Asset Management INC grew its position in shares of Consumer Discretionary Select Sector SPDR Fund by 99.1% during the fourth quarter. Costello Asset Management INC now owns 227 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Stock Down 1.5%

Shares of XLY traded down $1.59 during midday trading on Tuesday, reaching $107.46. The company had a trading volume of 5,478,494 shares, compared to its average volume of 11,523,046. The firm has a 50 day simple moving average of $114.56 and a 200-day simple moving average of $117.66. The stock has a market cap of $20.92 billion, a PE ratio of 27.10 and a beta of 1.23. Consumer Discretionary Select Sector SPDR Fund has a 1-year low of $86.98 and a 1-year high of $125.01.

About Consumer Discretionary Select Sector SPDR Fund

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.