VanEck Semiconductor ETF (NASDAQ:SMH) Sees Large Growth in Short Interest

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 13,060,000 shares, an increase of 21.0% from the March 15th total of 10,790,000 shares. Currently, 14.5% of the company’s stock are short sold. Based on an average daily volume of 7,996,100 shares, the days-to-cover ratio is presently 1.6 days.

VanEck Semiconductor ETF Stock Down 3.6 %

Shares of NASDAQ:SMH traded down $6.92 on Monday, hitting $185.61. 6,429,120 shares of the company traded hands, compared to its average volume of 7,478,470. The stock has a 50 day simple moving average of $220.80 and a 200-day simple moving average of $239.02. The company has a market cap of $17.08 billion, a PE ratio of 25.25 and a beta of 1.35. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $283.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hartford Financial Management Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the period. Mather Group LLC. increased its position in shares of VanEck Semiconductor ETF by 320.0% during the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter worth approximately $27,000. Ethos Financial Group LLC purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $28,000. Finally, Hemington Wealth Management increased its holdings in VanEck Semiconductor ETF by 50.6% during the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after buying an additional 44 shares during the last quarter.

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.