Traders Buy Large Volume of Consumer Discretionary Select Sector SPDR Fund Put Options (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the target of some unusual options trading on Tuesday. Stock investors purchased 12,187 put options on the stock. This represents an increase of 44% compared to the typical volume of 8,455 put options.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors have recently made changes to their positions in XLY. Brighton Jones LLC boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 14.9% in the fourth quarter. Brighton Jones LLC now owns 1,169 shares of the exchange traded fund’s stock valued at $262,000 after buying an additional 152 shares during the period. Bison Wealth LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 34.5% during the fourth quarter. Bison Wealth LLC now owns 1,519 shares of the exchange traded fund’s stock valued at $341,000 after purchasing an additional 390 shares in the last quarter. AQR Capital Management LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 65.1% during the first quarter. AQR Capital Management LLC now owns 14,272 shares of the exchange traded fund’s stock valued at $2,818,000 after purchasing an additional 5,627 shares in the last quarter. Empowered Funds LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 1,162.7% during the first quarter. Empowered Funds LLC now owns 5,821 shares of the exchange traded fund’s stock valued at $1,149,000 after purchasing an additional 5,360 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new position in Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at approximately $1,124,000. 69.93% of the stock is currently owned by institutional investors.

Consumer Discretionary Select Sector SPDR Fund Trading Up 2.8%

Shares of XLY stock opened at $110.82 on Thursday. The stock has a market cap of $21.57 billion, a P/E ratio of 27.10 and a beta of 1.23. The stock has a 50 day simple moving average of $114.04 and a 200 day simple moving average of $117.53. Consumer Discretionary Select Sector SPDR Fund has a 1 year low of $87.88 and a 1 year high of $125.01.

About Consumer Discretionary Select Sector SPDR Fund

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.