VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Up 42.2% in October

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 9,700,000 shares, an increase of 42.2% from the September 30th total of 6,820,000 shares. Currently, 9.7% of the company’s stock are short sold. Based on an average daily volume of 7,986,600 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 7,986,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 9.7% of the company’s stock are short sold.

VanEck Semiconductor ETF Trading Up 0.8%

SMH traded up $3.08 during midday trading on Monday, reaching $366.10. The company’s stock had a trading volume of 4,283,519 shares, compared to its average volume of 7,849,158. The firm has a market capitalization of $36.75 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $372.78. The stock’s 50-day moving average is $323.77 and its 200-day moving average is $282.87.

Institutional Investors Weigh In On VanEck Semiconductor ETF

A number of institutional investors have recently made changes to their positions in the company. Alpha Cubed Investments LLC grew its holdings in shares of VanEck Semiconductor ETF by 2.5% during the third quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock valued at $382,000 after buying an additional 28 shares during the last quarter. Paragon Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF by 22.0% during the third quarter. Paragon Advisors LLC now owns 12,790 shares of the company’s stock valued at $4,174,000 after buying an additional 2,307 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of VanEck Semiconductor ETF by 13.9% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,788 shares of the company’s stock valued at $1,563,000 after buying an additional 586 shares during the last quarter. Tidemark LLC grew its holdings in shares of VanEck Semiconductor ETF by 5.1% during the third quarter. Tidemark LLC now owns 845 shares of the company’s stock valued at $276,000 after buying an additional 41 shares during the last quarter. Finally, Absolute Capital Management LLC grew its holdings in shares of VanEck Semiconductor ETF by 9.9% during the third quarter. Absolute Capital Management LLC now owns 46,832 shares of the company’s stock valued at $15,284,000 after buying an additional 4,208 shares during the last quarter.

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.