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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of unusually large options trading on Thursday. Traders acquired 23,042 put options on the stock. This represents an increase of 69% compared to the typical volume of 13,668 put options.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.5%

Shares of NYSEARCA:XLY traded up $0.63 during trading on Thursday, reaching $117.36. The stock had a trading volume of 2,767,276 shares, compared to its average volume of 10,114,520. The stock has a fifty day simple moving average of $115.84 and a two-hundred day simple moving average of $117.35. Consumer Discretionary Select Sector SPDR Fund has a 52 week low of $103.86 and a 52 week high of $125.01. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in XLY. DV Trading LLC increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 182.4% in the first quarter. DV Trading LLC now owns 33,251 shares of the exchange traded fund’s stock worth $3,624,000 after purchasing an additional 73,582 shares during the period. Axiom Investment Management LLC bought a new stake in Consumer Discretionary Select Sector SPDR Fund during the 1st quarter valued at approximately $291,000. Segall Bryant & Hamill LLC acquired a new stake in Consumer Discretionary Select Sector SPDR Fund in the 1st quarter valued at approximately $1,039,000. Verus Capital Partners LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 5.6% in the 1st quarter. Verus Capital Partners LLC now owns 21,300 shares of the exchange traded fund’s stock valued at $2,321,000 after buying an additional 1,122 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in Consumer Discretionary Select Sector SPDR Fund in the 1st quarter worth approximately $1,926,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Consumer Discretionary Select Sector SPDR Fund Company Profile

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.