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

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the target of unusually large options trading on Monday. Stock investors acquired 46,995 put options on the stock. This is an increase of approximately 998% compared to the typical volume of 4,280 put options.

Communication Services Select Sector SPDR Fund Trading Up 1.3%

Shares of XLC stock traded up $1.35 during trading hours on Monday, reaching $107.65. 6,277,267 shares of the company’s stock were exchanged, compared to its average volume of 6,839,756. Communication Services Select Sector SPDR Fund has a 1 year low of $105.03 and a 1 year high of $120.40. The stock has a market cap of $22.04 billion, a PE ratio of 19.19 and a beta of 0.98. The stock’s fifty day moving average price is $111.34 and its two-hundred day moving average price is $114.15.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Butensky & Cohen Financial Security Inc. increased its position in shares of Communication Services Select Sector SPDR Fund by 3.5% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 23,576 shares of the company’s stock valued at $2,526,000 after acquiring an additional 803 shares during the period. Clarus Wealth Advisors lifted its position in Communication Services Select Sector SPDR Fund by 20.0% during the 2nd quarter. Clarus Wealth Advisors now owns 29,191 shares of the company’s stock worth $3,195,000 after acquiring an additional 4,864 shares during the period. SMI Advisory Services LLC grew its stake in Communication Services Select Sector SPDR Fund by 77.9% during the 2nd quarter. SMI Advisory Services LLC now owns 20,754 shares of the company’s stock valued at $2,287,000 after purchasing an additional 9,088 shares during the last quarter. Harrell Investment Partners LLC grew its stake in Communication Services Select Sector SPDR Fund by 0.6% during the 2nd quarter. Harrell Investment Partners LLC now owns 31,598 shares of the company’s stock valued at $3,385,000 after purchasing an additional 180 shares during the last quarter. Finally, World Equity Group Inc. increased its holdings in shares of Communication Services Select Sector SPDR Fund by 22.3% in the second quarter. World Equity Group Inc. now owns 2,936 shares of the company’s stock valued at $315,000 after purchasing an additional 535 shares during the period.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.