Could Utilities SPDR (ETF) Gain Strenght? Option Traders Don’t Think So

 Could Utilities SPDR (ETF) Gain Strenght? Option Traders Don't Think So

In today’s session Utilities SPDR (ETF) (XLU) recorded an unusually high (12,950) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XLU decrease. With 12,950 contracts traded and 217664 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XLU170120P00044000 closed last at: $0.69 or 6.2% up. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 5.40% since April 18, 2016 and is downtrending. It has underperformed by 9.83% the S&P500.

Select Sector Utilities Select Sector SPDR Fund , formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The ETF has a market cap of $6.63 billion. The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities. It has a 14.72 P/E ratio. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.

XLU Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.

More important recent Utilities SPDR (ETF) (NYSEARCA:XLU) news were published by: Investorplace.com which released: “Why the Utilities SPDR (ETF) Will Finally Crack (XLU)” on October 20, 2016, also Investorplace.com published article titled: “Utilities SPDR (ETF) (XLU) Could Be a Strong Buy Soon”, Investorplace.com published: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” on July 11, 2016. More interesting news about Utilities SPDR (ETF) (NYSEARCA:XLU) was released by: Benzinga.com and their article: “Carter Worth And Mike Khouw’s Utilities SPDR ETF Trade” with publication date: October 16, 2016.

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