Stock Traders Purchase Large Volume of Energy Select Sector SPDR Fund Put Options (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 185,419 put options on the company. This is an increase of approximately 72% compared to the typical daily volume of 107,989 put options.

Energy Select Sector SPDR Fund Stock Performance

Shares of XLE stock opened at $88.03 on Thursday. Energy Select Sector SPDR Fund has a fifty-two week low of $78.98 and a fifty-two week high of $98.97. The company has a market cap of $38.15 billion, a PE ratio of 8.52 and a beta of 0.48. The stock’s fifty day moving average price is $90.48 and its two-hundred day moving average price is $90.06.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLE. Highline Wealth Partners LLC bought a new position in Energy Select Sector SPDR Fund during the 3rd quarter worth $25,000. Mark Sheptoff Financial Planning LLC raised its position in Energy Select Sector SPDR Fund by 80.6% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 137 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Energy Select Sector SPDR Fund during the 3rd quarter worth $29,000. HHM Wealth Advisors LLC raised its position in Energy Select Sector SPDR Fund by 363.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in shares of Energy Select Sector SPDR Fund by 59.9% in the 3rd quarter. Studio Investment Management LLC now owns 438 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 164 shares in the last quarter.

Energy Select Sector SPDR Fund Company Profile

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.