Industrial Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of unusually large options trading on Thursday. Stock traders purchased 188,201 put options on the stock. This represents an increase of approximately 447% compared to the typical daily volume of 34,390 put options.

Industrial Select Sector SPDR Fund Price Performance

XLI stock remained flat at $183.91 during mid-day trading on Friday. The company’s stock had a trading volume of 6,530,763 shares, compared to its average volume of 11,077,580. The company has a market capitalization of $33.17 billion, a P/E ratio of 24.30 and a beta of 0.98. Industrial Select Sector SPDR Fund has a 12-month low of $147.13 and a 12-month high of $186.09. The stock’s 50 day moving average is $175.45 and its 200 day moving average is $169.58.

Institutional Trading of Industrial Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB raised its stake in Industrial Select Sector SPDR Fund by 229.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 247 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 172 shares during the period. CX Institutional increased its holdings in shares of Industrial Select Sector SPDR Fund by 0.7% in the second quarter. CX Institutional now owns 35,394 shares of the exchange traded fund’s stock valued at $6,556,000 after purchasing an additional 231 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Industrial Select Sector SPDR Fund in the second quarter valued at about $2,018,000. Eastern Bank raised its position in shares of Industrial Select Sector SPDR Fund by 24,165.4% in the second quarter. Eastern Bank now owns 78,620 shares of the exchange traded fund’s stock valued at $14,563,000 after purchasing an additional 78,296 shares during the period. Finally, Redwood Investment Management LLC acquired a new stake in shares of Industrial Select Sector SPDR Fund during the 1st quarter worth about $324,000.

About 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.