Traders Buy High Volume of iShares Semiconductor ETF Put Options (NASDAQ:SOXX)

iShares Semiconductor ETF (NASDAQ:SOXX – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 131,184 put options on the company. This represents an increase of 110% compared to the average daily volume of 62,532 put options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. William Mack & Associates Inc. purchased a new stake in iShares Semiconductor ETF in the third quarter worth approximately $27,000. Birchwood Financial Partners Inc. purchased a new position in shares of iShares Semiconductor ETF during the third quarter worth approximately $28,000. Highland Investment Advisors LLC purchased a new position in shares of iShares Semiconductor ETF during the second quarter worth approximately $40,000. Triumph Capital Management raised its stake in shares of iShares Semiconductor ETF by 44.4% during the second quarter. Triumph Capital Management now owns 65 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of iShares Semiconductor ETF by 245.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 69 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 49 shares during the last quarter.

iShares Semiconductor ETF Trading Down 9.5%

Shares of SOXX traded down $14.24 on Thursday, reaching $135.90. The company’s stock had a trading volume of 31,212,620 shares, compared to its average volume of 25,398,605. iShares Semiconductor ETF has a twelve month low of $86.81 and a twelve month high of $218.65. The stock has a market capitalization of $12.58 billion, a PE ratio of 31.84 and a beta of 1.86. The firm has a fifty day moving average of $525.70 and a 200-day moving average of $476.72.

iShares Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.1083 dividend. This represents a $0.43 annualized dividend and a dividend yield of 0.3%. This is a drop from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th.

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.

Further Reading

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