The Select Sector Industrial Fund (XLI) saw bullish order flow Tuesday. XLI is an exchange-traded fund that holds companies from industries such as electrical equipment, aerospace and defence, air freight, and airlines. The fund fell 1 cent to $34.74 on the session and 11,000 XLI calls traded, compared to just 476 puts. Most of the action was in the March 36 calls. A total of 10,400 contracts traded, with almost all of the day’s volume trading on the offer. In addition, open interest in those calls increased by 10,400 and, taken together, the action indicates that some players were opening new bullish positions in the fund on hopes for further gains in the industrial sector over the next six months or so.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.