Investors Buy Large Volume of Financial Select Sector SPDR Fund Put Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading activity on Thursday. Traders bought 376,577 put options on the company. This is an increase of approximately 88% compared to the typical volume of 199,859 put options.

Financial Select Sector SPDR Fund Trading Down 0.7%

Shares of Financial Select Sector SPDR Fund stock traded down $0.43 during trading hours on Thursday, reaching $58.20. The stock had a trading volume of 18,532,062 shares, compared to its average volume of 40,536,027. Financial Select Sector SPDR Fund has a 1 year low of $47.67 and a 1 year high of $60.04. The firm has a 50 day simple moving average of $55.95 and a two-hundred day simple moving average of $53.91. The firm has a market capitalization of $55.13 billion, a price-to-earnings ratio of 18.25 and a beta of 0.85.

Institutional Trading of Financial Select Sector SPDR Fund

Several large investors have recently modified their holdings of the business. Nwam LLC grew its stake in Financial Select Sector SPDR Fund by 14.4% in the second quarter. Nwam LLC now owns 47,303 shares of the exchange traded fund’s stock worth $2,536,000 after purchasing an additional 5,957 shares in the last quarter. Cavalier Investments LLC lifted its holdings in Financial Select Sector SPDR Fund by 361.0% during the 2nd quarter. Cavalier Investments LLC now owns 25,195 shares of the exchange traded fund’s stock worth $1,351,000 after buying an additional 19,730 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Financial Select Sector SPDR Fund during the 2nd quarter worth approximately $44,000. Spinnaker Investment Group LLC grew its position in shares of Financial Select Sector SPDR Fund by 5.0% in the 2nd quarter. Spinnaker Investment Group LLC now owns 8,333 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 400 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Financial Select Sector SPDR Fund in the 2nd quarter worth approximately $173,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.