Energy Select Sector SPDR Fund Sees Unusually Large Options Volume (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 represents an increase of approximately 72% compared to the average daily volume of 107,989 put options.

Energy Select Sector SPDR Fund Trading Down 0.3 %

XLE traded down $0.24 during midday trading on Wednesday, reaching $87.70. The company’s stock had a trading volume of 7,835,283 shares, compared to its average volume of 11,850,134. Energy Select Sector SPDR Fund has a twelve month low of $78.98 and a twelve month high of $98.97. The stock has a market cap of $38.00 billion, a P/E ratio of 8.52 and a beta of 0.48. The company has a fifty day simple moving average of $90.47 and a 200 day simple moving average of $90.08.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new position in Energy Select Sector SPDR Fund in the 3rd quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Energy Select Sector SPDR Fund by 80.6% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 137 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Energy Select Sector SPDR Fund in the third quarter worth $29,000. HHM Wealth Advisors LLC boosted its stake 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 increased its holdings in Energy Select Sector SPDR Fund by 59.9% in the 3rd quarter. Studio Investment Management LLC now owns 438 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 164 shares during the period.

About Energy Select Sector SPDR Fund

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.