VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors acquired 319,234 put options on the stock. This is an increase of 14% compared to the average volume of 280,917 put options.
Hedge Funds Weigh In On VanEck Semiconductor ETF
Institutional investors have recently modified their holdings of the business. Schuylkill Financial LLC acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at $2,262,000. XML Financial LLC raised its stake in VanEck Semiconductor ETF by 4,002.7% in the 2nd quarter. XML Financial LLC now owns 27,693 shares of the company’s stock valued at $18,164,000 after purchasing an additional 27,018 shares during the last quarter. Markowski Investments acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at about $656,000. NWF Advisory Services Inc. lifted its holdings in VanEck Semiconductor ETF by 9.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 11,705 shares of the company’s stock valued at $7,677,000 after purchasing an additional 986 shares in the last quarter. Finally, Valued Retirements Inc. purchased a new position in VanEck Semiconductor ETF in the 2nd quarter valued at about $4,503,000.
VanEck Semiconductor ETF Trading Down 3.4%
SMH traded down $19.05 during trading hours on Friday, hitting $539.79. 18,358,879 shares of the company’s stock were exchanged, compared to its average volume of 9,331,763. The firm has a market cap of $65.04 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The firm has a 50 day moving average of $578.72 and a 200 day moving average of $560.69.
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.
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