Traders Buy Large Volume of Consumer Discretionary Select Sector SPDR Fund Put Options (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the target of some unusual options trading activity on Thursday. Investors acquired 43,050 put options on the stock. This represents an increase of 232% compared to the average daily volume of 12,978 put options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Meitav Investment House Ltd. increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 94.7% in the first quarter. Meitav Investment House Ltd. now owns 1,984,664 shares of the exchange traded fund’s stock worth $216,288,000 after buying an additional 965,119 shares during the last quarter. Nissay Asset Management Corp Japan acquired a new position in Consumer Discretionary Select Sector SPDR Fund during the 2nd quarter worth $186,423,000. Royal Bank of Canada grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 13.7% during the 1st quarter. Royal Bank of Canada now owns 1,375,132 shares of the exchange traded fund’s stock worth $149,862,000 after acquiring an additional 166,167 shares in the last quarter. Rokos Capital Management LLP acquired a new position in Consumer Discretionary Select Sector SPDR Fund during the 1st quarter worth $60,822,000. Finally, Renaissance Technologies LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3,475.3% in the 1st quarter. Renaissance Technologies LLC now owns 530,436 shares of the exchange traded fund’s stock worth $57,807,000 after purchasing an additional 515,600 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Price Performance

Consumer Discretionary Select Sector SPDR Fund stock traded down $0.88 during midday trading on Thursday, hitting $114.65. 5,569,368 shares of the stock were exchanged, compared to its average volume of 8,683,973. Consumer Discretionary Select Sector SPDR Fund has a 1 year low of $105.19 and a 1 year high of $125.01. The firm has a market cap of $21.83 billion, a P/E ratio of 27.10 and a beta of 1.24. The company has a 50 day moving average price of $113.54 and a two-hundred day moving average price of $115.48.

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.