VanEck Semiconductor ETF Sees Unusually High Options Volume (NASDAQ:SMH)

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of some unusual options trading activity on Thursday. Traders acquired 165,733 put options on the stock. This represents an increase of approximately 38% compared to the typical volume of 120,147 put options.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of VanEck Semiconductor ETF by 36.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,471 shares of the company’s stock worth $607,000 after purchasing an additional 930 shares in the last quarter. Assetmark Inc. increased its stake in VanEck Semiconductor ETF by 277.6% during the 4th quarter. Assetmark Inc. now owns 2,507 shares of the company’s stock worth $438,000 after buying an additional 1,843 shares during the period. US Bancorp DE increased its stake in VanEck Semiconductor ETF by 2.1% during the 4th quarter. US Bancorp DE now owns 4,785 shares of the company’s stock worth $837,000 after buying an additional 97 shares during the period. Hsbc Holdings PLC lifted its holdings in VanEck Semiconductor ETF by 33.9% during the 4th quarter. Hsbc Holdings PLC now owns 11,622 shares of the company’s stock worth $2,032,000 after buying an additional 2,943 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in VanEck Semiconductor ETF by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 9,402 shares of the company’s stock valued at $1,644,000 after buying an additional 441 shares during the period.

VanEck Semiconductor ETF Trading Down 1.9 %

Shares of NASDAQ SMH opened at $247.74 on Friday. The stock has a market capitalization of $22.28 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $136.10 and a twelve month high of $283.07. The stock has a fifty day simple moving average of $236.29 and a 200-day simple moving average of $237.85.

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.