Consumer Discretionary Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of some unusual options trading on Wednesday. Traders bought 110,204 put options on the stock. This represents an increase of 612% compared to the typical daily volume of 15,475 put options.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of XLY. LGT Financial Advisors LLC boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 131.1% in the third quarter. LGT Financial Advisors LLC now owns 171 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 97 shares in the last quarter. Steph & Co. lifted its position in Consumer Discretionary Select Sector SPDR Fund by 100.0% in the fourth quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 104 shares during the period. WealthShield Partners LLC lifted its position in Consumer Discretionary Select Sector SPDR Fund by 98.1% in the fourth quarter. WealthShield Partners LLC now owns 212 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 105 shares during the period. Costello Asset Management INC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 99.1% during the 4th quarter. Costello Asset Management INC now owns 227 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Finally, Caitlin John LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 103.5% during the 4th quarter. Caitlin John LLC now owns 232 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.9%

Consumer Discretionary Select Sector SPDR Fund stock traded down $1.03 during mid-day trading on Wednesday, hitting $118.21. 2,141,529 shares of the company’s stock traded hands, compared to its average volume of 9,447,408. Consumer Discretionary Select Sector SPDR Fund has a one year low of $105.19 and a one year high of $125.01. The firm has a 50 day moving average price of $115.90 and a 200 day moving average price of $116.07. The company has a market cap of $22.91 billion, a PE ratio of 27.10 and a beta of 1.21.

About Consumer Discretionary Select Sector SPDR Fund

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.