The Industrial Select Sector SPDR Fund (NYSE:XLI) was the target of some unusual options trading activity on Friday. Stock traders purchased 40,772 put options on the stock. This represents an increase of approximately 667% compared to the average volume of 5,315 put options.

Several large investors have recently made changes to their positions in XLI. Patriot Financial Group Insurance Agency LLC boosted its position in shares of The Industrial Select Sector SPDR Fund by 37.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,994 shares of the exchange traded fund’s stock worth $137,000 after buying an additional 538 shares during the period. U S Global Investors Inc. acquired a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $157,000. San Francisco Sentry Investment Group CA acquired a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $195,000. Family Firm Inc. acquired a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $202,000. Finally, WBI Investments Inc. acquired a new position in shares of The Industrial Select Sector SPDR Fund during the second quarter worth about $203,000.

The Industrial Select Sector SPDR Fund (XLI) opened at 67.15 on Monday. The stock’s 50 day moving average is $68.58 and its 200 day moving average is $66.71. The Industrial Select Sector SPDR Fund has a one year low of $56.27 and a one year high of $69.57.

ILLEGAL ACTIVITY NOTICE: “Stock Traders Purchase High Volume of The Industrial Select Sector SPDR Fund Put Options (XLI)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/21/stock-traders-purchase-high-volume-of-the-industrial-select-sector-spdr-fund-put-options-xli.html.

The 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.

Receive News & Ratings for The Industrial Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Industrial Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.