Financial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw unusually large options trading activity on Thursday. Traders purchased 376,577 put options on the company. This represents an increase of 88% compared to the typical daily volume of 199,859 put options.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Montgomery Financial Services LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the 2nd quarter worth approximately $26,000. Silver Grove Financial Group Inc. boosted its position in Financial Select Sector SPDR Fund by 145.9% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 509 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 302 shares during the period. Community Financial Services Group LLC acquired a new position in Financial Select Sector SPDR Fund during the 3rd quarter valued at approximately $28,000. Strengthening Families & Communities LLC grew its stake in Financial Select Sector SPDR Fund by 96.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 576 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 283 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Financial Select Sector SPDR Fund during the 3rd quarter worth $33,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Financial Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLF traded down $0.43 during trading on Thursday, reaching $58.20. 18,532,062 shares of the company’s stock traded hands, compared to its average volume of 40,536,027. Financial Select Sector SPDR Fund has a 12 month low of $47.67 and a 12 month high of $60.04. The company has a 50 day moving average of $55.95 and a 200-day moving average of $53.91. The stock has a market capitalization of $55.13 billion, a P/E ratio of 18.25 and a beta of 0.85.

About Financial Select Sector SPDR Fund

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.