Stock Traders Purchase High Volume of Call Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Monday. Stock investors purchased 283,007 call options on the stock. This is an increase of approximately 24% compared to the typical daily volume of 227,517 call options.

Institutional Trading of Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wexford Capital LP bought a new stake in Financial Select Sector SPDR Fund during the 3rd quarter valued at approximately $29,000. Abich Financial Wealth Management LLC bought a new stake in Financial Select Sector SPDR Fund during the 3rd quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new stake in Financial Select Sector SPDR Fund during the 4th quarter valued at approximately $31,000. Intesa Sanpaolo Wealth Management purchased a new position in Financial Select Sector SPDR Fund during the 4th quarter valued at approximately $35,000. Finally, EQ Wealth Advisors LLC purchased a new position in Financial Select Sector SPDR Fund during the 4th quarter valued at approximately $39,000. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Trading Up 0.5%

XLF traded up $0.27 on Monday, hitting $53.61. 28,025,228 shares of the company’s stock traded hands, compared to its average volume of 46,914,434. The company’s 50 day simple moving average is $51.59 and its 200-day simple moving average is $52.35. The firm has a market cap of $52.87 billion, a price-to-earnings ratio of 18.25 and a beta of 0.86. Financial Select Sector SPDR Fund has a one year low of $47.67 and a one year high of $56.51.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.