Communication Services Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the target of unusually large options trading on Thursday. Stock traders acquired 15,568 call options on the stock. This is an increase of 294% compared to the typical volume of 3,948 call options.

Communication Services Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLC traded down $1.94 during midday trading on Friday, reaching $95.15. The company had a trading volume of 3,526,386 shares, compared to its average volume of 4,819,045. The company has a fifty day simple moving average of $90.84 and a two-hundred day simple moving average of $86.71. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15. Communication Services Select Sector SPDR Fund has a 1-year low of $68.51 and a 1-year high of $97.62.

Institutional Trading of Communication Services Select Sector SPDR Fund

A number of hedge funds have recently bought and sold shares of XLC. Compagnie Lombard Odier SCmA acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the third quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in Communication Services Select Sector SPDR Fund during the 3rd quarter valued at $25,000. Gradient Investments LLC purchased a new stake in shares of Communication Services Select Sector SPDR Fund in the second quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of Communication Services Select Sector SPDR Fund in the second quarter valued at $29,000. Finally, MCF Advisors LLC purchased a new position in shares of Communication Services Select Sector SPDR Fund during the third quarter valued at $32,000.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.