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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of unusually large options trading activity on Wednesday. Investors acquired 147,596 put options on the stock. This represents an increase of 100% compared to the typical daily volume of 73,933 put options.

Industrial Select Sector SPDR Fund Price Performance

Shares of XLI stock opened at $143.18 on Thursday. The firm has a market cap of $21.03 billion, a P/E ratio of 26.03 and a beta of 0.90. Industrial Select Sector SPDR Fund has a 1-year low of $105.34 and a 1-year high of $144.51. The firm’s 50-day simple moving average is $137.40 and its 200-day simple moving average is $129.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Synovus Financial Corp raised its holdings in Industrial Select Sector SPDR Fund by 64.6% in the third quarter. Synovus Financial Corp now owns 7,411 shares of the exchange traded fund’s stock valued at $1,004,000 after buying an additional 2,909 shares during the period. PVG Asset Management Corp purchased a new position in Industrial Select Sector SPDR Fund in the third quarter valued at approximately $337,000. World Investment Advisors LLC raised its holdings in Industrial Select Sector SPDR Fund by 531.1% in the third quarter. World Investment Advisors LLC now owns 28,842 shares of the exchange traded fund’s stock valued at $3,906,000 after buying an additional 24,272 shares during the period. Sanctuary Advisors LLC raised its holdings in Industrial Select Sector SPDR Fund by 6.5% in the third quarter. Sanctuary Advisors LLC now owns 146,491 shares of the exchange traded fund’s stock valued at $20,897,000 after buying an additional 8,960 shares during the period. Finally, Fulcrum Equity Management raised its holdings in Industrial Select Sector SPDR Fund by 41.8% in the third quarter. Fulcrum Equity Management now owns 8,305 shares of the exchange traded fund’s stock valued at $1,125,000 after buying an additional 2,449 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.