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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading on Friday. Stock investors acquired 134,998 put options on the company. This represents an increase of 124% compared to the average daily volume of 60,371 put options.

Industrial Select Sector SPDR Fund Trading Down 0.7%

Industrial Select Sector SPDR Fund stock traded down $1.17 during mid-day trading on Friday, reaching $164.70. The company’s stock had a trading volume of 2,915,599 shares, compared to its average volume of 10,959,987. Industrial Select Sector SPDR Fund has a twelve month low of $112.75 and a twelve month high of $167.20. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07. The business has a 50 day moving average price of $158.30 and a 200-day moving average price of $154.43.

Institutional Trading of Industrial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLI. Cornerstone Planning Group LLC increased its stake in Industrial Select Sector SPDR Fund by 118.7% during the third quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Richards Merrill & Peterson Inc. bought a new position in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth about $25,000. Chung Wu Investment Group LLC bought a new stake in Industrial Select Sector SPDR Fund in the third quarter valued at about $31,000. Ransom Advisory Ltd bought a new position in Industrial Select Sector SPDR Fund during the fourth quarter worth about $31,000. Finally, Chesapeake Asset Management LLC bought a new stake in shares of Industrial Select Sector SPDR Fund in the 4th quarter valued at approximately $31,000.

Industrial Select Sector SPDR Fund Company Profile

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.