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

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading on Friday. Stock traders bought 325,827 put options on the company. This represents an increase of 79% compared to the average volume of 181,572 put options.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of large investors have recently modified their holdings of the company. WealthCollab LLC bought a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at $28,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $31,000. Investment Counsel Co. of Nevada bought a new stake in shares of VanEck Semiconductor ETF during the 4th quarter valued at about $35,000. Resources Management Corp CT ADV purchased a new position in VanEck Semiconductor ETF in the 1st quarter worth approximately $38,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $36,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH traded up $12.46 during mid-day trading on Friday, reaching $580.34. 4,562,898 shares of the company’s stock were exchanged, compared to its average volume of 8,964,406. The firm has a market capitalization of $67.43 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 52 week low of $234.59 and a 52 week high of $582.50. The firm has a 50-day moving average price of $460.01 and a two-hundred day moving average price of $406.89.

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.