Stock Traders Buy Large Volume of Put Options on Energy Select Sector SPDR (XLE)

Energy Select Sector SPDR (NYSE:XLE) was the target of unusually large options trading activity on Tuesday. Stock investors bought 4,834 put options on the company. This represents an increase of 242% compared to the average volume of 1,415 put options.

Shares of Energy Select Sector SPDR (NYSE XLE) traded down 1.829% during midday trading on Tuesday, hitting $64.675. 7,982,418 shares of the company were exchanged. The firm’s 50 day moving average price is $66.81 and its 200 day moving average price is $71.02. Energy Select Sector SPDR has a one year low of $64.11 and a one year high of $78.45.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Tuesday, June 20th will be given a dividend of $0.4492 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, June 16th. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.42.

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About Energy Select Sector SPDR

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.

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