Traders Purchase High Volume of VanEck Semiconductor ETF Put Options (NASDAQ:SMH)

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of unusually large options trading on Friday. Stock investors purchased 325,827 put options on the stock. This is an increase of 79% compared to the typical daily volume of 181,572 put options.

Institutional Trading of VanEck Semiconductor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after buying an additional 1,666 shares during the last quarter. Flagstar Advisors Inc. raised its stake in VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after buying an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in VanEck Semiconductor ETF in the third quarter valued at about $1,934,000. Assetmark Inc. raised its stake in shares of VanEck Semiconductor ETF by 24.9% in the fourth quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after purchasing an additional 12,467 shares during the last quarter. Finally, Mezzasalma Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 67.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after purchasing an additional 6,130 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH traded up $12.46 during mid-day trading on Friday, hitting $580.34. 4,562,898 shares of the stock were exchanged, compared to its average volume of 8,964,406. The company has a market cap of $67.43 billion, a PE ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 52-week low of $234.59 and a 52-week high of $582.50. The firm has a 50-day moving average of $460.01 and a two-hundred day moving average of $406.89.

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.