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

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading activity on Friday. Stock traders purchased 482,956 put options on the stock. This represents an increase of 129% compared to the average daily volume of 210,895 put options.

VanEck Semiconductor ETF Stock Down 9.2%

SMH opened at $569.69 on Friday. VanEck Semiconductor ETF has a 52-week low of $252.64 and a 52-week high of $642.77. The company has a 50 day moving average of $505.49 and a two-hundred day moving average of $425.49. The company has a market cap of $66.19 billion, a P/E ratio of 34.83 and a beta of 1.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Berger Financial Group Inc lifted its position in shares of VanEck Semiconductor ETF by 1.3% during the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock worth $636,000 after purchasing an additional 21 shares in the last quarter. Goodman Advisory Group LLC lifted its position in shares of VanEck Semiconductor ETF by 7.8% during the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after purchasing an additional 23 shares in the last quarter. Howe & Rusling Inc. lifted its position in shares of VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after purchasing an additional 25 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of VanEck Semiconductor ETF by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock worth $434,000 after purchasing an additional 26 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its position in shares of VanEck Semiconductor ETF by 1.1% during the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock worth $984,000 after purchasing an additional 27 shares in the last quarter.

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.