Financial Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of some unusual options trading on Monday. Investors bought 262,582 call options on the stock. This is an increase of approximately 76% compared to the average daily volume of 149,436 call options.

Institutional Trading of Financial Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. bought a new stake in shares of Financial Select Sector SPDR Fund during the third quarter valued at approximately $29,000. Abich Financial Wealth Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 3rd quarter valued at $29,000. Wexford Capital LP purchased a new position in Financial Select Sector SPDR Fund in the third quarter worth $29,000. BankPlus Trust Department boosted its stake in Financial Select Sector SPDR Fund by 722.9% in the 2nd quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 600 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Financial Select Sector SPDR Fund during the second quarter valued at $37,000. 72.51% of the stock is currently owned by institutional investors.

Financial Select Sector SPDR Fund Price Performance

NYSEARCA XLF traded up $1.51 during trading hours on Monday, reaching $56.44. 37,218,167 shares of the company’s stock traded hands, compared to its average volume of 36,112,664. Financial Select Sector SPDR Fund has a 52-week low of $42.21 and a 52-week high of $56.50. The firm has a 50-day simple moving average of $53.50 and a 200 day simple moving average of $53.08. The firm has a market cap of $54.47 billion, a PE ratio of 18.25 and a beta of 0.99.

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.