Stock Traders Purchase High Volume of Put Options on Technology Select Sector SPDR Fund (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK) was the recipient of some unusual options trading on Thursday. Stock investors bought 28,181 put options on the company. This is an increase of approximately 353% compared to the average daily volume of 6,218 put options.

Shares of Technology Select Sector SPDR Fund (XLK) opened at 57.47 on Friday. Technology Select Sector SPDR Fund has a 52-week low of $45.43 and a 52-week high of $57.62. The company has a 50-day moving average price of $56.05 and a 200 day moving average price of $53.56.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Tuesday, June 20th were given a $0.2234 dividend. This represents a $0.89 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, June 16th. This is a boost from Technology Select Sector SPDR Fund’s previous quarterly dividend of $0.21.

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About Technology Select Sector SPDR Fund

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.

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