VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 379,280 put options on the stock. This represents an increase of approximately 46% compared to the typical volume of 260,522 put options.
Hedge Funds Weigh In On VanEck Semiconductor ETF
A number of large investors have recently bought and sold shares of the business. Flagstar Advisors Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 68.2% in the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after buying an additional 2,396 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF by 2.9% during the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock worth $17,278,000 after acquiring an additional 1,356 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of VanEck Semiconductor ETF by 72.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock worth $145,296,000 after acquiring an additional 169,737 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in VanEck Semiconductor ETF by 128.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after acquiring an additional 4,778 shares during the last quarter. Finally, Leo Wealth LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter valued at approximately $453,000.
VanEck Semiconductor ETF Trading Down 2.2%
Shares of SMH traded down $12.39 during mid-day trading on Friday, hitting $556.53. The company’s stock had a trading volume of 21,929,089 shares, compared to its average volume of 9,781,341. The company’s 50-day moving average is $600.45 and its 200-day moving average is $479.15. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The firm has a market capitalization of $66.61 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.
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.
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