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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading on Tuesday. Stock traders bought 51,039 put options on the company. This represents an increase of approximately 70% compared to the average volume of 29,973 put options.

Industrial Select Sector SPDR Fund Trading Up 1.7%

XLI stock traded up $3.06 during trading on Tuesday, hitting $186.22. 6,368,349 shares of the company’s stock were exchanged, compared to its average volume of 10,415,198. The business has a 50-day moving average price of $179.14 and a two-hundred day moving average price of $173.13. The stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 24.30 and a beta of 0.98. Industrial Select Sector SPDR Fund has a 52-week low of $147.13 and a 52-week high of $186.45.

Institutional Trading of Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in Industrial Select Sector SPDR Fund in the fourth quarter valued at $337,000. AQR Capital Management LLC grew its holdings in shares of Industrial Select Sector SPDR Fund by 37.4% during the first quarter. AQR Capital Management LLC now owns 16,419 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 4,469 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Industrial Select Sector SPDR Fund during the second quarter worth about $714,000. Russell Investments Group Ltd. increased its position in shares of Industrial Select Sector SPDR Fund by 36.9% during the second quarter. Russell Investments Group Ltd. now owns 2,602 shares of the exchange traded fund’s stock worth $384,000 after purchasing an additional 702 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Industrial Select Sector SPDR Fund by 63.4% in the 2nd quarter. First Trust Advisors LP now owns 37,253 shares of the exchange traded fund’s stock valued at $5,495,000 after purchasing an additional 14,452 shares during 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.