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

VanEck Semiconductor ETF (NASDAQ:SMH) saw some unusual options trading on Friday. Stock traders bought 157,492 put options on the stock. This is an increase of 37% compared to the average daily volume of 114,704 put options.

Institutional Trading of VanEck Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after buying an additional 907,073 shares during the period. Bank of Nova Scotia lifted its holdings in VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after buying an additional 752,097 shares during the period. JPMorgan Chase & Co. boosted its stake in VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after acquiring an additional 703,799 shares during the last quarter. Capital Markets Trading UK LLP boosted its stake in VanEck Semiconductor ETF by 100.7% in the third quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after acquiring an additional 617,050 shares during the last quarter. Finally, CMT Capital Markets Trading GmbH grew its holdings in VanEck Semiconductor ETF by 102.0% during the 2nd quarter. CMT Capital Markets Trading GmbH now owns 10,437 shares of the company’s stock worth $2,910,000 after acquiring an additional 531,232 shares during the period.

VanEck Semiconductor ETF Stock Up 0.3%

Shares of SMH opened at $326.13 on Friday. The stock’s fifty day simple moving average is $339.16 and its 200-day simple moving average is $296.51. The firm has a market capitalization of $32.74 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $372.78.

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.