Traders Buy Large Volume of Energy Select Sector SPDR Fund Put Options (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the recipient of some unusual options trading on Wednesday. Investors acquired 185,419 put options on the stock. This is an increase of approximately 72% compared to the typical daily volume of 107,989 put options.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of XLE. Natixis Advisors LLC raised its stake in shares of Energy Select Sector SPDR Fund by 27.0% during the 2nd quarter. Natixis Advisors LLC now owns 16,490 shares of the exchange traded fund’s stock worth $1,503,000 after purchasing an additional 3,505 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Energy Select Sector SPDR Fund in the second quarter worth $208,000. Clifford Swan Investment Counsel LLC increased its position in Energy Select Sector SPDR Fund by 5.7% during the second quarter. Clifford Swan Investment Counsel LLC now owns 2,480 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 133 shares during the last quarter. Choreo LLC increased its position in Energy Select Sector SPDR Fund by 123.9% during the second quarter. Choreo LLC now owns 34,770 shares of the exchange traded fund’s stock worth $3,171,000 after buying an additional 19,244 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in Energy Select Sector SPDR Fund by 2.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,555 shares of the exchange traded fund’s stock valued at $1,509,000 after buying an additional 355 shares in the last quarter.

Energy Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLE traded down $0.24 during midday trading on Wednesday, reaching $87.70. The company had a trading volume of 7,835,283 shares, compared to its average volume of 11,850,134. The company has a fifty day simple moving average of $90.47 and a two-hundred day simple moving average of $90.08. The firm has a market cap of $38.00 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. Energy Select Sector SPDR Fund has a 1-year low of $78.98 and a 1-year high of $98.97.

Energy Select Sector SPDR Fund Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.