Could Utilities SPDR (ETF) Rise Even More? The Stock Had Bullish Options Activity

 Could Utilities SPDR (ETF) Rise Even More? The Stock Had Bullish Options Activity

In today’s session Utilities SPDR (ETF) (XLU) registered an unusually high (10,045) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious XLU increase. With 10,045 contracts traded and 158214 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: XLU170317C00049000 closed last at: $0.62 or 11.4% down. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 0.59% since April 25, 2016 and is downtrending. It has underperformed by 6.60% 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 $6.96 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 15.09 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 news for Utilities SPDR (ETF) (NYSEARCA:XLU) were recently published by: Investorplace.com, which released: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” on July 11, 2016. Etfdailynews.com‘s article titled: “With Rate Hike Chances Slipping, Consider These Utilities ETFs” and published on September 11, 2016 is yet another important article.

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