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

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading activity on Friday. Investors purchased 157,492 put options on the company. This represents an increase of 37% compared to the average volume of 114,704 put options.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $326.13 on Friday. The firm has a market cap of $32.74 billion, a P/E ratio of 34.83 and a beta of 1.52. The firm has a 50 day simple moving average of $339.16 and a 200 day simple moving average of $296.51. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $372.78.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in shares of VanEck Semiconductor ETF during the third quarter valued at $1,014,000. Blue Fin Capital Inc. acquired a new position in VanEck Semiconductor ETF during the 3rd quarter valued at about $220,000. WBI Investments LLC boosted its stake in shares of VanEck Semiconductor ETF by 43.2% in the 3rd quarter. WBI Investments LLC now owns 5,241 shares of the company’s stock valued at $1,710,000 after purchasing an additional 1,580 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of VanEck Semiconductor ETF by 2.0% in the 3rd quarter. Centaurus Financial Inc. now owns 14,866 shares of the company’s stock valued at $4,852,000 after purchasing an additional 291 shares during the last quarter. Finally, PCG Asset Management LLC grew its position in shares of VanEck Semiconductor ETF by 1.7% during the 3rd quarter. PCG Asset Management LLC now owns 2,810 shares of the company’s stock worth $917,000 after buying an additional 48 shares during the period.

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.