iShares Semiconductor ETF Sees Unusually High Options Volume (NASDAQ:SOXX)

iShares Semiconductor ETF (NASDAQ:SOXX – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 26,845 put options on the stock. This is an increase of approximately 51% compared to the typical volume of 17,793 put options.

iShares Semiconductor ETF Stock Performance

SOXX stock traded down $31.09 during trading on Tuesday, hitting $501.67. The stock had a trading volume of 6,808,606 shares, compared to its average volume of 7,218,145. The company’s 50 day moving average price is $382.00 and its two-hundred day moving average price is $340.78. iShares Semiconductor ETF has a 1-year low of $199.93 and a 1-year high of $533.74. The stock has a market cap of $32.51 billion, a price-to-earnings ratio of 31.84 and a beta of 1.75.

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iShares Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.2079 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 annualized dividend and a yield of 0.2%.

Institutional Investors Weigh In On iShares Semiconductor ETF

A number of institutional investors have recently bought and sold shares of the stock. First Horizon Corp acquired a new position in shares of iShares Semiconductor ETF in the 3rd quarter valued at approximately $646,000. Concurrent Investment Advisors LLC raised its stake in shares of iShares Semiconductor ETF by 34.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,167 shares of the exchange traded fund’s stock worth $3,841,000 after purchasing an additional 3,616 shares in the last quarter. Moulton Wealth Management Inc. purchased a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth about $5,773,000. Ashton Thomas Securities LLC purchased a new stake in shares of iShares Semiconductor ETF during the 3rd quarter worth about $2,468,000. Finally, Greenberg Financial Group purchased a new stake in shares of iShares Semiconductor ETF during the 4th quarter worth about $843,000.

iShares Semiconductor ETF Company Profile

(Get Free Report)

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.

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