Consumer Staples Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of some unusual options trading activity on Tuesday. Investors bought 36,972 put options on the company. This represents an increase of approximately 31% compared to the average daily volume of 28,180 put options.

Consumer Staples Select Sector SPDR Fund Trading Up 2.5%

Shares of XLP traded up $2.15 during midday trading on Tuesday, reaching $87.51. The stock had a trading volume of 11,492,746 shares, compared to its average volume of 16,216,471. The firm has a 50 day simple moving average of $84.14 and a 200-day simple moving average of $84.08. Consumer Staples Select Sector SPDR Fund has a one year low of $75.16 and a one year high of $90.14. The firm has a market cap of $14.68 billion, a PE ratio of 20.82 and a beta of 0.47.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of XLP. AQR Capital Management LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 4.6% in the first quarter. AQR Capital Management LLC now owns 17,777 shares of the exchange traded fund’s stock valued at $1,452,000 after buying an additional 784 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth approximately $464,000. Russell Investments Group Ltd. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 52.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,065 shares of the exchange traded fund’s stock worth $167,000 after acquiring an additional 712 shares during the period. First Trust Advisors LP increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 65.3% during the 2nd quarter. First Trust Advisors LP now owns 43,809 shares of the exchange traded fund’s stock worth $3,547,000 after acquiring an additional 17,303 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth approximately $2,397,000.

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.