Stock Traders Purchase Large Volume of Put Options on VanEck Semiconductor ETF (NASDAQ:SMH)

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of some unusual options trading on Friday. Traders purchased 170,355 put options on the company. This is an increase of 78% compared to the average daily volume of 95,571 put options.

VanEck Semiconductor ETF Trading Down 0.5%

SMH stock opened at $336.68 on Friday. The stock has a 50-day moving average price of $301.94 and a two-hundred day moving average price of $262.01. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $340.78. The stock has a market cap of $31.09 billion, a PE ratio of 34.83 and a beta of 1.35.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Large investors have recently bought and sold shares of the company. Grove Bank & Trust acquired a new position in VanEck Semiconductor ETF during the second quarter worth $25,000. Trust Co. of Toledo NA OH bought a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $25,000. Banque Transatlantique SA acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth about $27,000. UMB Bank n.a. bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $28,000. Finally, Hilltop National Bank bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $28,000.

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.