Traders Buy Large Volume of Financial Select Sector SPDR Fund Call Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Thursday. Investors acquired 330,331 call options on the company. This represents an increase of approximately 40% compared to the average volume of 236,132 call options.

Financial Select Sector SPDR Fund Trading Up 1.2 %

Shares of XLF traded up $0.62 on Thursday, reaching $51.90. 36,746,052 shares of the company’s stock traded hands, compared to its average volume of 41,950,723. The stock’s 50 day simple moving average is $49.59 and its two-hundred day simple moving average is $46.82. The stock has a market cap of $48.38 billion, a PE ratio of 18.32 and a beta of 0.83. Financial Select Sector SPDR Fund has a 52-week low of $38.25 and a 52-week high of $51.96.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. lifted its position in shares of Financial Select Sector SPDR Fund by 212.4% during the third quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in Financial Select Sector SPDR Fund by 4,000.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 600 shares during the period. Synergy Asset Management LLC bought a new position in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at approximately $29,000. Finally, Rational Advisors LLC bought a new stake in Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $34,000.

About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.