Investors Purchase Large Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 45,277 put options on the stock. This represents an increase of 256% compared to the typical daily volume of 12,723 put options.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

NYSEARCA XLY traded up $2.65 during trading on Wednesday, reaching $117.68. 7,334,766 shares of the company traded hands, compared to its average volume of 10,348,605. The stock’s 50 day moving average price is $114.19 and its two-hundred day moving average price is $117.32. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 27.10 and a beta of 1.22. Consumer Discretionary Select Sector SPDR Fund has a 1-year low of $103.86 and a 1-year high of $125.01.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. RMR Wealth Builders boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 2.9% in the 3rd quarter. RMR Wealth Builders now owns 1,611 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 45 shares in the last quarter. Rice Partnership LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 11.0% in the 3rd quarter. Rice Partnership LLC now owns 454 shares of the exchange traded fund’s stock worth $109,000 after purchasing an additional 45 shares during the last quarter. Tortoise Investment Management LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 44.0% in the 3rd quarter. Tortoise Investment Management LLC now owns 167 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 51 shares during the last quarter. Stratos Investment Management LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 2.9% in the 3rd quarter. Stratos Investment Management LLC now owns 2,001 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 56 shares during the last quarter. Finally, Nemes Rush Group LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 9.6% in the 3rd quarter. Nemes Rush Group LLC now owns 642 shares of the exchange traded fund’s stock worth $154,000 after purchasing an additional 56 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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.