Investors Purchase Large Volume of Put Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Tuesday. Investors acquired 492,793 put options on the company. This represents an increase of 152% compared to the typical volume of 195,351 put options.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of large investors have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter valued at approximately $29,000. Greykasell Wealth Strategies Inc. acquired a new stake in Financial Select Sector SPDR Fund during the third quarter worth approximately $29,000. Abich Financial Wealth Management LLC acquired a new stake in Financial Select Sector SPDR Fund during the third quarter worth approximately $29,000. Aventura Private Wealth LLC bought a new position in Financial Select Sector SPDR Fund during the 4th quarter worth $31,000. Finally, Intesa Sanpaolo Wealth Management acquired a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at $35,000. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Price Performance

NYSEARCA:XLF traded down $0.28 during trading hours on Tuesday, reaching $50.05. 65,916,497 shares of the stock were exchanged, compared to its average volume of 55,440,840. Financial Select Sector SPDR Fund has a twelve month low of $42.21 and a twelve month high of $56.51. The firm has a 50 day moving average of $53.27 and a 200 day moving average of $53.36. The stock has a market cap of $51.78 billion, a PE ratio of 18.25 and a beta of 0.99.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.