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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading on Wednesday. Stock traders purchased 147,596 put options on the company. This is an increase of approximately 100% compared to the typical daily volume of 73,933 put options.

Industrial Select Sector SPDR Fund Stock Down 0.4 %

Shares of NYSEARCA XLI traded down $0.53 during midday trading on Wednesday, hitting $143.18. 5,560,446 shares of the company’s stock were exchanged, compared to its average volume of 8,755,054. Industrial Select Sector SPDR Fund has a 12 month low of $105.34 and a 12 month high of $144.51. The company’s 50 day moving average price is $137.40 and its 200 day moving average price is $129.33. The firm has a market capitalization of $21.03 billion, a PE ratio of 26.03 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Objective Capital Management LLC boosted its position in shares of Industrial Select Sector SPDR Fund by 7.1% during the 1st quarter. Objective Capital Management LLC now owns 14,669 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 975 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Industrial Select Sector SPDR Fund in the first quarter valued at approximately $33,000. Cetera Advisor Networks LLC grew its holdings in Industrial Select Sector SPDR Fund by 41.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 248,286 shares of the exchange traded fund’s stock valued at $31,274,000 after buying an additional 72,939 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Industrial Select Sector SPDR Fund by 26.1% in the first quarter. Cetera Advisors LLC now owns 94,969 shares of the exchange traded fund’s stock worth $11,962,000 after purchasing an additional 19,659 shares during the period. Finally, Cetera Investment Advisers lifted its position in Industrial Select Sector SPDR Fund by 924.5% during the first quarter. Cetera Investment Advisers now owns 378,327 shares of the exchange traded fund’s stock valued at $47,654,000 after purchasing an additional 341,398 shares during the last quarter.

About Industrial Select Sector SPDR Fund

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.