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

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of some unusual options trading on Friday. Stock traders bought 124,438 put options on the company. This is an increase of approximately 56% compared to the average volume of 79,787 put options.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded down $5.70 during trading on Friday, hitting $261.15. 3,507,576 shares of the company’s stock traded hands, compared to its average volume of 5,671,288. The stock has a fifty day moving average of $248.18 and a two-hundred day moving average of $245.98. VanEck Semiconductor ETF has a 12-month low of $184.15 and a 12-month high of $283.07. The firm has a market cap of $24.77 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were paid a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its position in shares of VanEck Semiconductor ETF by 7.0% during the third quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock valued at $427,901,000 after acquiring an additional 113,705 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of VanEck Semiconductor ETF by 46.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock valued at $423,377,000 after buying an additional 514,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after buying an additional 424,042 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of VanEck Semiconductor ETF by 36.7% during the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after buying an additional 253,300 shares in the last quarter. Finally, Meitav Investment House Ltd. lifted its stake in shares of VanEck Semiconductor ETF by 56.9% during the 3rd quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after buying an additional 217,702 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.