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

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of unusually large options trading activity on Friday. Stock investors bought 379,280 put options on the company. This represents an increase of 46% compared to the typical daily volume of 260,522 put options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $26,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of VanEck Semiconductor ETF during the second quarter valued at $30,000. WealthCollab LLC bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at about $28,000. Investment Counsel Co. of Nevada bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at about $35,000. Finally, Resources Management Corp CT ADV purchased a new stake in VanEck Semiconductor ETF in the first quarter worth about $38,000.

VanEck Semiconductor ETF Trading Down 2.2%

Shares of VanEck Semiconductor ETF stock traded down $12.39 on Friday, hitting $556.53. 21,929,089 shares of the company traded hands, compared to its average volume of 9,781,341. The stock’s 50 day moving average price is $600.45 and its 200-day moving average price is $479.15. VanEck Semiconductor ETF has a 52 week low of $279.19 and a 52 week high of $671.83. The company has a market cap of $66.61 billion, a PE ratio of 34.83 and a beta of 1.71.

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.