Communication Services Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) saw unusually large options trading on Monday. Traders acquired 46,995 put options on the company. This represents an increase of approximately 998% compared to the average daily volume of 4,280 put options.

Communication Services Select Sector SPDR Fund Trading Up 1.3%

Shares of NYSEARCA:XLC traded up $1.35 on Monday, reaching $107.65. The company had a trading volume of 6,277,267 shares, compared to its average volume of 6,839,756. The firm has a market capitalization of $22.04 billion, a PE ratio of 19.19 and a beta of 0.98. Communication Services Select Sector SPDR Fund has a 52-week low of $105.03 and a 52-week high of $120.40. The firm’s 50 day simple moving average is $111.34 and its 200-day simple moving average is $114.15.

Institutional Trading of Communication Services Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Communication Services Select Sector SPDR Fund during the fourth quarter valued at approximately $250,000. Millennium Management LLC increased its position in shares of Communication Services Select Sector SPDR Fund by 3.9% during the first quarter. Millennium Management LLC now owns 133,607 shares of the company’s stock worth $12,886,000 after purchasing an additional 5,011 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Communication Services Select Sector SPDR Fund during the 2nd quarter valued at $1,105,000. Russell Investments Group Ltd. boosted its position in shares of Communication Services Select Sector SPDR Fund by 54.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,868 shares of the company’s stock worth $528,000 after purchasing an additional 1,713 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Communication Services Select Sector SPDR Fund by 63.6% in the 2nd quarter. First Trust Advisors LP now owns 75,557 shares of the company’s stock worth $8,200,000 after purchasing an additional 29,364 shares in the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.