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

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of unusually large options trading on Thursday. Stock investors purchased 319,234 put options on the stock. This is an increase of approximately 14% compared to the average daily volume of 280,917 put options.

Institutional Trading of VanEck Semiconductor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kaydan Wealth Management Inc. lifted its stake in shares of VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after purchasing an additional 18 shares during the period. Berger Financial Group Inc grew its position in VanEck Semiconductor ETF by 1.3% during the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after buying an additional 21 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in VanEck Semiconductor ETF by 0.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after buying an additional 21 shares during the period. Goodman Advisory Group LLC grew its position in VanEck Semiconductor ETF by 7.8% during the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock valued at $122,000 after buying an additional 23 shares during the period. Finally, Howe & Rusling Inc. increased its holdings in VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after buying an additional 25 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 1.0%

Shares of SMH traded down $5.56 during mid-day trading on Thursday, reaching $559.18. The company’s stock had a trading volume of 10,785,145 shares, compared to its average volume of 9,262,552. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week high of $671.83. The stock has a market cap of $67.38 billion, a PE ratio of 34.83 and a beta of 1.73. The company’s fifty day moving average price is $579.83 and its two-hundred day moving average price is $559.54.

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.