Stock Traders Purchase Large Volume of Communication Services Select Sector SPDR Fund Call Options (XLC)
Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the target of unusually large options trading on Thursday. Stock investors purchased 10,264 call options on the company. This is an increase of approximately 2,151% compared to the typical daily volume of 456 call options.
Shares of XLC stock opened at $47.02 on Friday. Communication Services Select Sector SPDR Fund has a fifty-two week low of $38.97 and a fifty-two week high of $52.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th will be issued a $0.0834 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, March 15th.
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