Traders Purchase High Volume of Industrial Select Sector SPDR Fund Put Options (NYSEARCA:XLI)

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

Industrial Select Sector SPDR Fund Price Performance

Shares of NYSEARCA XLI opened at $143.18 on Friday. The company has a 50-day simple moving average of $137.62 and a 200-day simple moving average of $129.43. The company has a market cap of $21.03 billion, a PE ratio of 26.03 and a beta of 0.90. Industrial Select Sector SPDR Fund has a 12 month low of $105.34 and a 12 month high of $144.51.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Terra Nova Asset Management LLC grew its holdings in Industrial Select Sector SPDR Fund by 0.7% during the 3rd quarter. Terra Nova Asset Management LLC now owns 10,211 shares of the exchange traded fund’s stock valued at $1,383,000 after purchasing an additional 73 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Industrial Select Sector SPDR Fund by 31.9% during the third quarter. Sound Income Strategies LLC now owns 310 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 75 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in shares of Industrial Select Sector SPDR Fund by 1.2% in the third quarter. Gold Investment Management Ltd. now owns 6,248 shares of the exchange traded fund’s stock worth $843,000 after acquiring an additional 75 shares in the last quarter. Wetzel Investment Advisors Inc. boosted its holdings in Industrial Select Sector SPDR Fund by 4.7% in the third quarter. Wetzel Investment Advisors Inc. now owns 1,726 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 78 shares during the last quarter. Finally, World Equity Group Inc. boosted its holdings in Industrial Select Sector SPDR Fund by 1.2% in the third quarter. World Equity Group Inc. now owns 6,573 shares of the exchange traded fund’s stock valued at $890,000 after purchasing an additional 78 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.