Stock Traders Buy Large Volume of Put Options on Energy Select Sector SPDR (XLE)
Energy Select Sector SPDR (NYSE:XLE) saw some unusual options trading activity on Tuesday. Stock traders purchased 4,834 put options on the company. This represents an increase of approximately 242% compared to the typical daily volume of 1,415 put options.
Energy Select Sector SPDR (NYSE XLE) traded down 1.829% on Tuesday, hitting $64.675. 7,982,418 shares of the company were exchanged. Energy Select Sector SPDR has a 52 week low of $64.11 and a 52 week high of $78.45. The stock has a 50 day moving average of $66.81 and a 200 day moving average of $71.02.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Tuesday, June 20th will be issued a $0.4492 dividend. This is a boost from Energy Select Sector SPDR’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.73%.
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About Energy Select Sector SPDR
Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.
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