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

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of unusually large options trading activity on Friday. Stock traders bought 402,588 put options on the stock. This represents an increase of 44% compared to the typical daily volume of 278,965 put options.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Hedge funds have recently made changes to their positions in the stock. Schuylkill Financial LLC acquired a new stake in VanEck Semiconductor ETF during the 2nd quarter worth approximately $2,262,000. XML Financial LLC raised its holdings in VanEck Semiconductor ETF by 4,002.7% in the second quarter. XML Financial LLC now owns 27,693 shares of the company’s stock valued at $18,164,000 after buying an additional 27,018 shares during the period. Valued Retirements Inc. acquired a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $4,503,000. Markowski Investments acquired a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $656,000. Finally, PCG Wealth Advisors LLC grew its stake in VanEck Semiconductor ETF by 11.8% during the second quarter. PCG Wealth Advisors LLC now owns 13,707 shares of the company’s stock worth $8,990,000 after buying an additional 1,447 shares during the period.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock traded down $39.62 during mid-day trading on Friday, hitting $522.05. 13,549,610 shares of the company were exchanged, compared to its average volume of 9,310,687. The business’s 50 day simple moving average is $573.42 and its two-hundred day simple moving average is $517.53. The company has a market capitalization of $65.96 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83.

About VanEck Semiconductor ETF

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.