VanEck Semiconductor ETF Sees Unusually Large Options Volume (NASDAQ:SMH)

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading on Thursday. Traders purchased 160,842 put options on the stock. This is an increase of approximately 46% compared to the average daily volume of 109,817 put options.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock traded up $0.89 on Thursday, reaching $417.52. The company had a trading volume of 9,262,371 shares, compared to its average volume of 7,055,635. The firm’s 50 day moving average price is $370.14 and its two-hundred day moving average price is $335.52. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $420.60. The firm has a market cap of $45.17 billion, a PE ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $1.1047 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of VanEck Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in SMH. Wealth Enhancement Advisory Services LLC boosted its stake in VanEck Semiconductor ETF by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after acquiring an additional 1,666 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after purchasing an additional 400 shares in the last quarter. Element Wealth LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $515,000. Farther Finance Advisors LLC grew its stake in VanEck Semiconductor ETF by 136.2% in the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock worth $3,407,000 after purchasing an additional 6,026 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in VanEck Semiconductor ETF by 168.8% in the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock worth $13,807,000 after purchasing an additional 31,089 shares in the last quarter.

VanEck Semiconductor ETF Company Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.