What’s Propelling Technology SPDR (ETF) to Increase So Much?

 What's Propelling Technology SPDR (ETF) to Increase So Much?

In today’s session Technology SPDR (ETF) (XLK) registered an unusually high (185) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious XLK increase. With 185 contracts traded and 54774 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: XLK170120C00049000 closed last at: $0.71 or 20.3% up. Technology SPDR (ETF) (NYSEARCA:XLK) has risen 7.35% since March 29, 2016 and is uptrending. It has outperformed by 3.88% the S&P500.

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 ETF has a market cap of $13.09 billion. 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. It has a 5.49 P/E ratio.

XLK Company Profile

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.

More notable recent Technology SPDR (ETF) (NYSEARCA:XLK) news were published by: Benzinga.com which released: “Dan Deming’s Technology SPDR ETF Trade” on September 29, 2016, also Etfdailynews.com with their article: “Technology Once Again Dominates Returns in Q3” published on September 28, 2016, Etfdailynews.com published: “Here’s Why All Investors Need Exposure to the Tech Sector” on September 14, 2016. More interesting news about Technology SPDR (ETF) (NYSEARCA:XLK) were released by: Fool.com and their article: “3 Top Technology ETFs to Buy in 2016” published on October 16, 2016 as well as Benzinga.com‘s news article titled: “Integrating Staples, Technology ETFs Into Portfolios” with publication date: October 11, 2016.

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