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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 138,530 call options on the stock. This represents an increase of 63% compared to the average volume of 84,974 call options.

Energy Select Sector SPDR Fund Trading Up 1.9 %

XLE traded up $1.66 during trading hours on Tuesday, hitting $89.46. 25,084,782 shares of the company’s stock were exchanged, compared to its average volume of 15,251,219. Energy Select Sector SPDR Fund has a 12-month low of $78.98 and a 12-month high of $98.97. The firm has a 50 day moving average of $88.90 and a 200 day moving average of $91.35. The firm has a market cap of $38.76 billion, a P/E ratio of 8.52 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC raised its position 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 buying an additional 137 shares during the last quarter. Able Wealth Management LLC purchased a new position in shares of Energy Select Sector SPDR Fund in the fourth quarter valued at $26,000. American Capital Advisory LLC purchased a new position in shares of Energy Select Sector SPDR Fund in the first quarter valued at $30,000. HHM Wealth Advisors LLC boosted its stake in Energy Select Sector SPDR Fund by 363.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 287 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Energy Select Sector SPDR Fund during the 1st quarter valued at $37,000.

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.