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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading activity on Thursday. Stock investors bought 131,137 put options on the company. This represents an increase of approximately 240% compared to the average volume of 38,615 put options.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new position in Industrial Select Sector SPDR Fund in the fourth quarter valued at $25,000. Ankerstar Wealth LLC acquired a new position in Industrial Select Sector SPDR Fund in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC lifted its holdings in Industrial Select Sector SPDR Fund by 118.7% in the third quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 89 shares during the period. Financial Network Wealth Advisors LLC lifted its holdings in Industrial Select Sector SPDR Fund by 148.1% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 117 shares during the period. Finally, Fairway Wealth LLC acquired a new position in Industrial Select Sector SPDR Fund in the first quarter valued at $32,000.

Industrial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLI opened at $172.96 on Friday. The firm has a market cap of $29.94 billion, a PE ratio of 24.30 and a beta of 1.01. The firm’s fifty day moving average is $169.45 and its 200-day moving average is $162.56. Industrial Select Sector SPDR Fund has a 52 week low of $132.96 and a 52 week high of $179.30.

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.