Consumer Discretionary Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the target of unusually large options trading on Thursday. Stock investors bought 89,848 put options on the stock. This represents an increase of approximately 612% compared to the average daily volume of 12,611 put options.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of XLY. Miramontes Capital LLC lifted its stake in Consumer Discretionary Select Sector SPDR Fund by 14.1% in the 2nd quarter. Miramontes Capital LLC now owns 3,603 shares of the exchange traded fund’s stock worth $423,000 after purchasing an additional 445 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 318.2% in the second quarter. Tidal Investments LLC now owns 21,397 shares of the exchange traded fund’s stock worth $2,509,000 after purchasing an additional 16,281 shares during the period. IPG Investment Advisors LLC bought a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter worth $256,000. MCF Advisors LLC raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 2,629.2% in the second quarter. MCF Advisors LLC now owns 655 shares of the exchange traded fund’s stock worth $77,000 after buying an additional 631 shares in the last quarter. Finally, Lotus Asset Management LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter worth $465,000. Institutional investors own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.4%

Shares of XLY opened at $111.96 on Friday. The business’s 50-day moving average price is $115.98 and its 200-day moving average price is $115.62. Consumer Discretionary Select Sector SPDR Fund has a twelve month low of $105.19 and a twelve month high of $125.01. The stock has a market cap of $21.70 billion, a PE ratio of 27.10 and a beta of 1.21.

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.