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

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading activity on Thursday. Traders bought 226,647 put options on the company. This is an increase of approximately 89% compared to the average volume of 119,996 put options.

VanEck Semiconductor ETF Price Performance

SMH stock traded down $14.15 during midday trading on Thursday, reaching $412.01. The company had a trading volume of 14,650,367 shares, compared to its average volume of 7,700,291. The firm has a 50-day moving average price of $391.77 and a 200-day moving average price of $351.99. The company has a market capitalization of $45.03 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $427.94.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $1.1047 dividend. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MidFirst Bank purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at about $144,000. Investment Insight Wealth Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the 4th quarter worth approximately $534,000. Monetary Solutions Ltd purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at $160,000. Kera Capital Partners Inc. lifted its stake in VanEck Semiconductor ETF by 1.4% in the fourth quarter. Kera Capital Partners Inc. now owns 9,850 shares of the company’s stock worth $3,547,000 after purchasing an additional 135 shares during the last quarter. Finally, SB Capital Management Inc purchased a new position in VanEck Semiconductor ETF during the 4th quarter valued at $308,000.

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.