Stock Traders Purchase High Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the target of some unusual options trading on Wednesday. Investors acquired 110,204 put options on the stock. This is an increase of approximately 612% compared to the average daily volume of 15,475 put options.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.9%

Consumer Discretionary Select Sector SPDR Fund stock traded down $1.03 during midday trading on Wednesday, hitting $118.21. The company’s stock had a trading volume of 2,141,529 shares, compared to its average volume of 9,447,408. The stock’s 50-day moving average price is $115.90 and its 200-day moving average price is $116.07. Consumer Discretionary Select Sector SPDR Fund has a 12 month low of $105.19 and a 12 month high of $125.01. The company has a market capitalization of $22.91 billion, a PE ratio of 27.10 and a beta of 1.21.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 98.6% during the fourth quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock valued at $4,681,565,000 after acquiring an additional 19,466,208 shares during the period. Morgan Stanley raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% during the fourth quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock worth $876,471,000 after acquiring an additional 3,789,323 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Consumer Discretionary Select Sector SPDR Fund by 92.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after purchasing an additional 2,096,216 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Consumer Discretionary Select Sector SPDR Fund by 411.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,480,601 shares of the exchange traded fund’s stock valued at $296,197,000 after purchasing an additional 1,995,991 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Consumer Discretionary Select Sector SPDR Fund by 99.7% in the fourth quarter. LPL Financial LLC now owns 3,377,676 shares of the exchange traded fund’s stock worth $403,328,000 after buying an additional 1,686,451 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.