The Industrial Select Sector SPDR Fund (NYSE:XLI) saw some unusual options trading activity on Thursday. Investors purchased 20,715 put options on the stock. This is an increase of approximately 332% compared to the typical volume of 4,793 put options.

Hedge funds and other institutional investors have recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of The Industrial Select Sector SPDR Fund by 37.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,994 shares of the exchange traded fund’s stock valued at $137,000 after buying an additional 538 shares during the period. U S Global Investors Inc. bought a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $157,000. San Francisco Sentry Investment Group CA bought a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $195,000. Family Firm Inc. bought a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $202,000. Finally, WBI Investments Inc. bought a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $203,000.

Shares of The Industrial Select Sector SPDR Fund (NYSE:XLI) traded down 1.73% during mid-day trading on Thursday, reaching $67.42. 10,760,762 shares of the company traded hands. The Industrial Select Sector SPDR Fund has a 52 week low of $56.27 and a 52 week high of $69.57. The stock’s 50-day moving average is $68.61 and its 200-day moving average is $66.69.

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About The Industrial Select Sector SPDR Fund

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.

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