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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 52,665 put options on the stock. This is an increase of approximately 95% compared to the average daily volume of 26,953 put options.

Industrial Select Sector SPDR Fund Stock Performance

Shares of XLI traded up $0.50 during trading hours on Thursday, hitting $167.54. The stock had a trading volume of 5,826,321 shares, compared to its average volume of 9,509,474. The company’s fifty day simple moving average is $174.60 and its 200 day simple moving average is $175.17. Industrial Select Sector SPDR Fund has a 12-month low of $147.13 and a 12-month high of $188.19. The firm has a market cap of $30.46 billion, a P/E ratio of 24.30 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XLI. Harel Insurance Investments & Financial Services Ltd. increased its stake in Industrial Select Sector SPDR Fund by 3,790.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock worth $474,164,000 after purchasing an additional 2,856,510 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of Industrial Select Sector SPDR Fund by 85.2% in the first quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock worth $215,209,000 after buying an additional 612,118 shares during the period. Renaissance Technologies LLC increased its position in shares of Industrial Select Sector SPDR Fund by 534.6% in the first quarter. Renaissance Technologies LLC now owns 674,600 shares of the exchange traded fund’s stock worth $109,103,000 after acquiring an additional 568,300 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Industrial Select Sector SPDR Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock valued at $1,993,575,000 after acquiring an additional 491,019 shares in the last quarter. Finally, State Street Corp boosted its stake in Industrial Select Sector SPDR Fund by 44.8% in the 2nd quarter. State Street Corp now owns 1,099,118 shares of the exchange traded fund’s stock worth $203,590,000 after purchasing an additional 339,904 shares during the period.

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.