Stock Traders Buy High Volume of Consumer Staples Select Sector SPDR Fund Put Options (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw unusually large options trading on Thursday. Stock traders acquired 104,808 put options on the company. This represents an increase of approximately 122% compared to the average daily volume of 47,260 put options.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of XLP opened at $92.35 on Friday. The firm has a market cap of $15.16 billion, a P/E ratio of 25.27 and a beta of 0.46. The stock has a 50 day simple moving average of $85.65 and a two-hundred day simple moving average of $84.87. Consumer Staples Select Sector SPDR Fund has a 1 year low of $76.22 and a 1 year high of $93.40.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Eastern Bank boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 554.3% in the 2nd quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Centrica Wealth Management LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at $26,000. NBH Bank purchased a new position in Consumer Staples Select Sector SPDR Fund in the 2nd quarter worth $27,000. Foresight Capital Management Advisors Inc. purchased a new position in Consumer Staples Select Sector SPDR Fund in the 3rd quarter worth $26,000. Finally, MADDEN SECURITIES Corp purchased a new position in Consumer Staples Select Sector SPDR Fund in the 3rd quarter worth $28,000.

About Consumer Staples Select Sector SPDR Fund

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.