Energy Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of unusually large options trading activity on Wednesday. Traders purchased 156,380 call options on the stock. This represents an increase of approximately 59% compared to the average volume of 98,100 call options.

Institutional Trading of Energy Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sutton Place Investors LLC raised its stake in shares of Energy Select Sector SPDR Fund by 0.4% during the second quarter. Sutton Place Investors LLC now owns 29,020 shares of the exchange traded fund’s stock valued at $2,645,000 after acquiring an additional 113 shares during the last quarter. ERn Financial LLC raised its stake in Energy Select Sector SPDR Fund by 2.3% during the second quarter. ERn Financial LLC now owns 5,579 shares of the exchange traded fund’s stock worth $509,000 after buying an additional 123 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Energy Select Sector SPDR Fund by 1.4% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,839 shares of the exchange traded fund’s stock worth $776,000 after buying an additional 125 shares during the last quarter. Zimmermann Investment Management & Planning LLC raised its stake in Energy Select Sector SPDR Fund by 1.5% during the second quarter. Zimmermann Investment Management & Planning LLC now owns 8,483 shares of the exchange traded fund’s stock worth $773,000 after buying an additional 126 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in Energy Select Sector SPDR Fund by 4.9% during the third quarter. Tempus Wealth Planning LLC now owns 2,714 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 126 shares during the last quarter.

Energy Select Sector SPDR Fund Trading Down 2.4 %

NYSEARCA XLE opened at $92.23 on Thursday. Energy Select Sector SPDR Fund has a 1 year low of $78.98 and a 1 year high of $98.97. The firm has a market capitalization of $39.97 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48. The firm’s 50 day simple moving average is $92.10 and its 200 day simple moving average is $90.69.

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.