Technology Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLKGet Rating) was the recipient of unusually large options trading activity on Thursday. Investors acquired 24,785 put options on the company. This represents an increase of 44% compared to the typical volume of 17,197 put options.

Technology Select Sector SPDR Fund Price Performance

Shares of Technology Select Sector SPDR Fund stock opened at $125.38 on Friday. The company’s fifty day simple moving average is $139.25 and its two-hundred day simple moving average is $140.42. Technology Select Sector SPDR Fund has a 12-month low of $122.46 and a 12-month high of $177.04.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XLK. Rinkey Investments bought a new stake in shares of Technology Select Sector SPDR Fund during the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Technology Select Sector SPDR Fund in the 2nd quarter worth about $25,000. Vectors Research Management LLC bought a new position in Technology Select Sector SPDR Fund during the 2nd quarter valued at about $25,000. Castle Wealth Management LLC bought a new position in Technology Select Sector SPDR Fund during the 2nd quarter valued at about $27,000. Finally, HHM Wealth Advisors LLC bought a new position in Technology Select Sector SPDR Fund during the 2nd quarter valued at about $27,000.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised shares of Technology Select Sector SPDR Fund from an “underweight” rating to a “neutral” rating in a research note on Thursday, July 21st.

About Technology Select Sector SPDR Fund

(Get Rating)

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.

Featured Stories

Receive News & Ratings for Technology Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Technology Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.