Industrial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of unusually large options trading on Friday. Traders bought 101,974 put options on the stock. This represents an increase of approximately 200% compared to the typical daily volume of 34,025 put options.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of XLI. Ransom Advisory Ltd purchased a new stake in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its position in shares of Industrial Select Sector SPDR Fund by 3.0% in the 4th quarter. Avior Wealth Management LLC now owns 15,541 shares of the exchange traded fund’s stock valued at $2,411,000 after buying an additional 447 shares during the last quarter. First Citizens Financial Corp raised its stake in Industrial Select Sector SPDR Fund by 12.4% during the 4th quarter. First Citizens Financial Corp now owns 5,873 shares of the exchange traded fund’s stock worth $911,000 after acquiring an additional 649 shares in the last quarter. Arlington Capital Management Inc. raised its stake in Industrial Select Sector SPDR Fund by 4.8% during the 4th quarter. Arlington Capital Management Inc. now owns 2,880 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 133 shares in the last quarter. Finally, Severin Investments LLC raised its stake in Industrial Select Sector SPDR Fund by 4.7% during the 3rd quarter. Severin Investments LLC now owns 1,544 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 70 shares in the last quarter.

Industrial Select Sector SPDR Fund Trading Down 0.4%

Shares of XLI stock opened at $179.41 on Friday. Industrial Select Sector SPDR Fund has a twelve month low of $147.13 and a twelve month high of $186.45. The company’s 50-day moving average price is $177.33 and its 200-day moving average price is $171.42. The stock has a market cap of $33.39 billion, a price-to-earnings ratio of 24.30 and a beta of 0.98.

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.