Market Vectors Semiconductor ETF (NYSE:SMH) was the target of some unusual options trading on Tuesday. Stock traders bought 37,150 put options on the company. This is an increase of approximately 233% compared to the average volume of 11,160 put options.

Market Vectors Semiconductor ETF (NYSE:SMH) opened at 85.28 on Friday. Market Vectors Semiconductor ETF has a 1-year low of $63.06 and a 1-year high of $89.72. The company has a 50-day moving average price of $85.66 and a 200-day moving average price of $81.66.

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in shares of Market Vectors Semiconductor ETF by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the company’s stock valued at $332,000 after buying an additional 912 shares during the last quarter. Lyell Wealth Management LP acquired a new stake in Market Vectors Semiconductor ETF during the second quarter worth $203,000. SG Americas Securities LLC increased its stake in Market Vectors Semiconductor ETF by 1,342.9% in the second quarter. SG Americas Securities LLC now owns 560,602 shares of the company’s stock worth $45,891,000 after buying an additional 521,750 shares during the period. TRUE Private Wealth Advisors increased its stake in Market Vectors Semiconductor ETF by 22.7% in the second quarter. TRUE Private Wealth Advisors now owns 45,948 shares of the company’s stock worth $3,761,000 after buying an additional 8,505 shares during the period. Finally, Airain ltd acquired a new stake in Market Vectors Semiconductor ETF during the second quarter worth $843,000.

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About Market Vectors Semiconductor ETF

Market Vectors Semiconductor ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors United States Listed Semiconductor 25 Index. The Index is a rules based index intended to track the overall performance of 25 of the largest United States listed, publicly traded semiconductor companies.

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