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

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually large options trading on Friday. Stock investors bought 402,588 put options on the stock. This is an increase of 44% compared to the average volume of 278,965 put options.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Large investors have recently modified their holdings of the stock. Meitav Investment House Ltd. raised its position in shares of VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after buying an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after acquiring an additional 295,000 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after acquiring an additional 16,810 shares during the last quarter. Renaissance Technologies LLC purchased a new position in VanEck Semiconductor ETF during the first quarter valued at $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in VanEck Semiconductor ETF during the third quarter valued at $183,763,000.

VanEck Semiconductor ETF Trading Down 7.0%

Shares of SMH stock opened at $522.49 on Friday. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83. The stock has a 50 day moving average of $572.62 and a two-hundred day moving average of $518.19. The company has a market capitalization of $66.59 billion, a P/E ratio of 34.83 and a beta of 1.73.

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.