iShares Semiconductor ETF (NASDAQ:SOXX) Stock Sees Unusually High Put Option Buying

iShares Semiconductor ETF (NASDAQ:SOXX) was the target of unusually large options trading activity on Monday. Traders acquired 109,095 put options on the stock. This is an increase of approximately 90% compared to the typical daily volume of 57,303 put options.

iShares Semiconductor ETF Price Performance

Shares of NASDAQ:SOXX traded up $8.54 during midday trading on Monday, reaching $501.93. The company’s stock had a trading volume of 9,167,914 shares, compared to its average volume of 8,295,188. iShares Semiconductor ETF has a fifty-two week low of $260.44 and a fifty-two week high of $655.95. The company has a market capitalization of $41.56 billion, a P/E ratio of 31.84 and a beta of 1.80. The business’s fifty day simple moving average is $536.87 and its 200-day simple moving average is $523.75.

iShares Semiconductor ETF’s stock is going to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $0.3250 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. This represents a $1.30 dividend on an annualized basis and a yield of 0.3%.

Institutional Investors Weigh In On iShares Semiconductor ETF

A number of institutional investors have recently made changes to their positions in the stock. Washburn Capital Management Inc. boosted its stake in shares of iShares Semiconductor ETF by 20.6% in the third quarter. Washburn Capital Management Inc. now owns 8,895 shares of the exchange traded fund’s stock worth $5,058,000 after acquiring an additional 1,520 shares during the period. Gimbal Financial purchased a new stake in iShares Semiconductor ETF during the 3rd quarter valued at $9,100,000. New Wave Wealth Advisors LLC bought a new position in shares of iShares Semiconductor ETF during the third quarter valued at approximately $503,000. Cornell Pochily Investment Advisors Inc. boosted its position in iShares Semiconductor ETF by 9.1% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 602 shares of the exchange traded fund’s stock valued at $343,000 after buying an additional 50 shares during the period. Finally, Prairie Advisory LLC grew its position in shares of iShares Semiconductor ETF by 108.3% during the 3rd quarter. Prairie Advisory LLC now owns 3,054 shares of the exchange traded fund’s stock worth $1,736,000 after buying an additional 1,588 shares in the last quarter.

iShares Semiconductor ETF Company Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.