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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of unusually large options trading on Wednesday. Stock traders purchased 185,419 put options on the stock. This represents an increase of approximately 72% compared to the typical daily volume of 107,989 put options.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Large investors have recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in shares of Energy Select Sector SPDR Fund during the third quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC grew its position in Energy Select Sector SPDR Fund by 80.6% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 137 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Energy Select Sector SPDR Fund during the third quarter worth approximately $29,000. HHM Wealth Advisors LLC grew its position in Energy Select Sector SPDR Fund by 363.3% during the second quarter. HHM Wealth Advisors LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC grew its position in Energy Select Sector SPDR Fund by 59.9% during the third quarter. Studio Investment Management LLC now owns 438 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 164 shares in the last quarter.

Energy Select Sector SPDR Fund Stock Up 0.1 %

NYSEARCA:XLE opened at $88.03 on Thursday. The stock’s 50 day moving average price is $90.48 and its two-hundred day moving average price is $90.06. The firm has a market capitalization of $38.15 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. Energy Select Sector SPDR Fund has a 12-month low of $78.98 and a 12-month 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.