Industrial Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLIGet Free Report) was the target of unusually large options trading activity on Friday. Traders acquired 134,998 put options on the stock. This is an increase of 124% compared to the average daily volume of 60,371 put options.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLI. Cornerstone Planning Group LLC grew its holdings in shares of Industrial Select Sector SPDR Fund by 118.7% in the third quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Industrial Select Sector SPDR Fund during the 4th quarter valued at $25,000. Chung Wu Investment Group LLC purchased a new stake in Industrial Select Sector SPDR Fund during the 3rd quarter valued at $31,000. Ransom Advisory Ltd bought a new stake in Industrial Select Sector SPDR Fund in the 4th quarter worth $31,000. Finally, Chesapeake Asset Management LLC bought a new stake in Industrial Select Sector SPDR Fund in the 4th quarter worth $31,000.

Industrial Select Sector SPDR Fund Trading Down 0.3%

Shares of NYSEARCA:XLI opened at $165.44 on Friday. The stock has a market capitalization of $27.59 billion, a P/E ratio of 24.30 and a beta of 1.07. The stock’s 50-day moving average price is $158.61 and its 200-day moving average price is $154.56. Industrial Select Sector SPDR Fund has a 12-month low of $112.75 and a 12-month high of $167.20.

About Industrial Select Sector SPDR Fund

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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.

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