Communication Services Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLC)

Share on StockTwits

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the recipient of some unusual options trading on Tuesday. Traders bought 6,780 put options on the stock. This represents an increase of 1,621% compared to the typical daily volume of 394 put options.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc lifted its stake in Communication Services Select Sector SPDR Fund by 295.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,370 shares of the company’s stock worth $117,000 after acquiring an additional 1,770 shares in the last quarter. Arrow Financial Corp acquired a new position in shares of Communication Services Select Sector SPDR Fund during the 2nd quarter worth approximately $679,000. Simplex Trading LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund in the 2nd quarter valued at $1,017,000. AE Wealth Management LLC acquired a new stake in Communication Services Select Sector SPDR Fund in the second quarter valued at about $548,000. Finally, Commonwealth Equity Services LLC grew its position in Communication Services Select Sector SPDR Fund by 22.5% in the second quarter. Commonwealth Equity Services LLC now owns 43,215 shares of the company’s stock valued at $2,127,000 after acquiring an additional 7,942 shares during the last quarter.

Shares of Communication Services Select Sector SPDR Fund stock opened at $51.96 on Wednesday. The company’s 50-day moving average price is $51.30 and its two-hundred day moving average price is $49.88. Communication Services Select Sector SPDR Fund has a 52 week low of $38.97 and a 52 week high of $52.80.

Featured Article: Asset Allocation

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.