VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 115,059 shares, a growth of 346.2% from the April 15th total of 25,784 shares. Based on an average daily volume of 95,630 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.9% of the shares of the company are sold short.
VanEck Fabless Semiconductor ETF Trading Down 2.7%
Shares of SMHX opened at $55.63 on Wednesday. VanEck Fabless Semiconductor ETF has a 12 month low of $26.62 and a 12 month high of $57.20. The firm’s 50 day moving average is $42.75 and its 200-day moving average is $40.37. The stock has a market capitalization of $220.85 million, a PE ratio of 41.26 and a beta of 2.28.
Institutional Trading of VanEck Fabless Semiconductor ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SMHX. Steward Partners Investment Advisory LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the fourth quarter worth $26,000. Global Retirement Partners LLC lifted its holdings in VanEck Fabless Semiconductor ETF by 839.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock valued at $41,000 after buying an additional 974 shares during the period. Farther Finance Advisors LLC acquired a new position in VanEck Fabless Semiconductor ETF in the fourth quarter valued at $79,000. Ameritas Advisory Services LLC bought a new stake in VanEck Fabless Semiconductor ETF in the fourth quarter valued at $202,000. Finally, Advisory Services Network LLC bought a new stake in VanEck Fabless Semiconductor ETF in the third quarter valued at $215,000.
VanEck Fabless Semiconductor ETF Company Profile
The VanEck Fabless Semiconductor ETF (SMHX) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of US companies that design and develop semiconductor chips but outsources their manufacturing. Selection and weighting are based on free-float market capitalization. SMHX was launched on Aug 27, 2024 and is issued by VanEck.
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