SPDR S&P Oil & Gas Explore & Prod. Sees Unusually Large Options Volume (XOP)

SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) was the target of some unusual options trading on Monday. Investors bought 22,469 put options on the stock. This represents an increase of 295% compared to the average volume of 5,682 put options.

Hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 4.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,560 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 175 shares during the period. Twin Focus Capital Partners LLC increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 2.4% in the second quarter. Twin Focus Capital Partners LLC now owns 126,850 shares of the exchange traded fund’s stock valued at $4,049,000 after buying an additional 2,954 shares during the period. WP Advisors LLC increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 20.8% in the second quarter. WP Advisors LLC now owns 34,889 shares of the exchange traded fund’s stock valued at $1,114,000 after buying an additional 6,018 shares during the period. Ballentine Partners LLC bought a new stake in SPDR S&P Oil & Gas Explore & Prod. during the second quarter valued at about $159,000. Finally, Proficio Capital Partners LLC increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 133.3% in the second quarter. Proficio Capital Partners LLC now owns 14,000 shares of the exchange traded fund’s stock valued at $443,000 after buying an additional 8,000 shares during the period.

Shares of SPDR S&P Oil & Gas Explore & Prod. (NYSE:XOP) opened at 30.82 on Thursday. The company’s 50 day moving average price is $31.62 and its 200 day moving average price is $35.43. SPDR S&P Oil & Gas Explore & Prod. has a one year low of $29.90 and a one year high of $44.97.

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SPDR S&P Oil & Gas Explore & Prod. Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.

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