Investors Buy Large Volume of Put Options on Industrial Select Sector SPDR Fund (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of unusually large options trading activity on Thursday. Traders purchased 52,665 put options on the company. This is an increase of 95% compared to the average daily volume of 26,953 put options.

Industrial Select Sector SPDR Fund Stock Up 0.3%

Shares of NYSEARCA:XLI traded up $0.50 during trading on Thursday, reaching $167.54. 5,826,321 shares of the company traded hands, compared to its average volume of 9,509,474. The firm has a fifty day simple moving average of $174.60 and a 200 day simple moving average of $175.17. Industrial Select Sector SPDR Fund has a 1-year low of $147.13 and a 1-year high of $188.19. The firm has a market cap of $30.46 billion, a P/E ratio of 24.30 and a beta of 0.98.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Industrial Select Sector SPDR Fund by 3,790.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock valued at $474,164,000 after purchasing an additional 2,856,510 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in Industrial Select Sector SPDR Fund by 85.2% in the first quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock worth $215,209,000 after purchasing an additional 612,118 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Industrial Select Sector SPDR Fund by 534.6% in the first quarter. Renaissance Technologies LLC now owns 674,600 shares of the exchange traded fund’s stock worth $109,103,000 after purchasing an additional 568,300 shares in the last quarter. Bank of America Corp DE boosted its holdings in Industrial Select Sector SPDR Fund by 4.1% in the first quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock worth $1,993,575,000 after purchasing an additional 491,019 shares in the last quarter. Finally, State Street Corp increased its position in Industrial Select Sector SPDR Fund by 44.8% during the second quarter. State Street Corp now owns 1,099,118 shares of the exchange traded fund’s stock worth $203,590,000 after buying an additional 339,904 shares during the last quarter.

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.