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

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw some unusual options trading on Wednesday. Investors purchased 156,380 call options on the company. This is an increase of 59% compared to the typical volume of 98,100 call options.

Energy Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLE traded down $2.56 during mid-day trading on Wednesday, reaching $91.95. 11,276,519 shares of the company’s stock were exchanged, compared to its average volume of 14,811,083. The company’s 50-day moving average is $92.00 and its 200-day moving average is $90.68. Energy Select Sector SPDR Fund has a 52-week low of $78.98 and a 52-week high of $98.97. The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of 8.52 and a beta of 0.48.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in Energy Select Sector SPDR Fund during the third quarter worth $25,000. Mark Sheptoff Financial Planning LLC increased its stake in Energy Select Sector SPDR Fund by 80.6% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 307 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 137 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Energy Select Sector SPDR Fund in the third quarter valued at about $29,000. HHM Wealth Advisors LLC grew its stake in shares of Energy Select Sector SPDR Fund by 363.3% in the second quarter. HHM Wealth Advisors LLC now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC grew its stake in shares of Energy Select Sector SPDR Fund by 59.9% in the third 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 in the last quarter.

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.