Stock Traders Purchase High 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 activity on Monday. Stock investors bought 120,002 put options on the stock. This represents an increase of 46% compared to the average daily volume of 82,314 put options.

Energy Select Sector SPDR Fund Stock Down 1.1%

Shares of XLE stock traded down $0.52 during mid-day trading on Monday, reaching $45.41. 18,025,020 shares of the company’s stock traded hands, compared to its average volume of 33,686,727. The company’s 50-day moving average price is $44.44 and its 200-day moving average price is $43.72. The company has a market cap of $13.55 billion, a P/E ratio of 15.59 and a beta of 0.77. Energy Select Sector SPDR Fund has a 12 month low of $37.24 and a 12 month high of $47.41.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Energy Select Sector SPDR Fund by 51.5% in the 4th quarter. Brighton Jones LLC now owns 9,363 shares of the exchange traded fund’s stock worth $802,000 after purchasing an additional 3,181 shares in the last quarter. Condor Capital Management bought a new stake in shares of Energy Select Sector SPDR Fund in the first quarter worth approximately $213,000. JPMorgan Chase & Co. raised its holdings in shares of Energy Select Sector SPDR Fund by 32.7% during the first quarter. JPMorgan Chase & Co. now owns 10,506,201 shares of the exchange traded fund’s stock valued at $981,813,000 after purchasing an additional 2,588,452 shares during the last quarter. Campion Asset Management raised its holdings in shares of Energy Select Sector SPDR Fund by 2.8% during the first quarter. Campion Asset Management now owns 4,532 shares of the exchange traded fund’s stock valued at $424,000 after purchasing an additional 122 shares during the last quarter. Finally, SouthState Corp lifted its position in Energy Select Sector SPDR Fund by 28.3% during the first quarter. SouthState Corp now owns 25,269 shares of the exchange traded fund’s stock valued at $2,361,000 after purchasing an additional 5,567 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.