VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) saw unusually large options trading on Thursday. Investors bought 319,234 put options on the company. This is an increase of 14% compared to the average volume of 280,917 put options.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SMH. Meitav Investment House Ltd. boosted its position in shares of VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after purchasing an additional 295,000 shares during the period. Cetera Investment Advisers lifted its stake in shares of VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after buying an additional 16,810 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the 1st quarter worth $141,661,000. Finally, Rockefeller Capital Management L.P. increased its stake in VanEck Semiconductor ETF by 17.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock worth $121,918,000 after buying an additional 51,092 shares in the last quarter.
VanEck Semiconductor ETF Stock Down 1.0%
NASDAQ:SMH traded down $5.56 during mid-day trading on Thursday, hitting $559.18. 10,785,145 shares of the company traded hands, compared to its average volume of 9,262,552. The stock’s fifty day moving average price is $579.83 and its 200-day moving average price is $559.54. The firm has a market cap of $67.38 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83.
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.
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