VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Sees Large Decrease in Short Interest

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 63,379 shares, a decrease of 35.0% from the May 31st total of 97,493 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 236,315 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of VanEck Fabless Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in SMHX. Steward Partners Investment Advisory LLC purchased a new position in VanEck Fabless Semiconductor ETF during the fourth quarter worth about $26,000. Global Retirement Partners LLC grew its position in VanEck Fabless Semiconductor ETF by 839.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock worth $41,000 after purchasing an additional 974 shares in the last quarter. BXM Wealth LLC increased its stake in VanEck Fabless Semiconductor ETF by 6.1% in the 4th quarter. BXM Wealth LLC now owns 19,195 shares of the company’s stock valued at $730,000 after buying an additional 1,100 shares during the last quarter. Cetera Investment Advisers increased its stake in VanEck Fabless Semiconductor ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock valued at $307,000 after buying an additional 1,129 shares during the last quarter. Finally, Columbus Macro LLC lifted its position in shares of VanEck Fabless Semiconductor ETF by 13.5% during the 1st quarter. Columbus Macro LLC now owns 10,001 shares of the company’s stock worth $372,000 after buying an additional 1,190 shares in the last quarter.

VanEck Fabless Semiconductor ETF Stock Performance

Shares of NASDAQ:SMHX opened at $58.65 on Friday. The stock has a market cap of $272.72 million, a PE ratio of 41.26 and a beta of 2.37. The stock’s fifty day simple moving average is $59.20 and its two-hundred day simple moving average is $46.26. VanEck Fabless Semiconductor ETF has a 1-year low of $30.96 and a 1-year high of $68.36.

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.