Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY – Get Free Report) was the target of unusually large options trading on Thursday. Traders bought 43,050 put options on the company. This represents an increase of 232% compared to the typical volume of 12,978 put options.
Consumer Discretionary Select Sector SPDR Fund Stock Down 0.8%
Shares of XLY traded down $0.88 during mid-day trading on Thursday, hitting $114.65. The stock had a trading volume of 5,569,368 shares, compared to its average volume of 8,683,973. The company has a market cap of $21.83 billion, a PE ratio of 27.10 and a beta of 1.24. The company’s fifty day simple moving average is $113.54 and its two-hundred day simple moving average is $115.48. Consumer Discretionary Select Sector SPDR Fund has a fifty-two week low of $105.19 and a fifty-two week high of $125.01.
Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund
A number of hedge funds have recently added to or reduced their stakes in XLY. XP Advisory US Inc. bought a new stake in Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at $33,000. Alpine Bank Wealth Management acquired a new stake in Consumer Discretionary Select Sector SPDR Fund during the third quarter worth about $33,000. Windsor Advisory Group LLC bought a new position in Consumer Discretionary Select Sector SPDR Fund in the first quarter worth about $37,000. Fairway Wealth LLC bought a new position in Consumer Discretionary Select Sector SPDR Fund in the first quarter worth about $38,000. Finally, Bogart Wealth LLC lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 38.4% in the second quarter. Bogart Wealth LLC now owns 364 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
About Consumer Discretionary Select Sector SPDR Fund
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.
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