VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Short Interest Update

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 72,635 shares, a drop of 36.9% from the April 30th total of 115,059 shares. Based on an average daily volume of 99,011 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

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

VanEck Fabless Semiconductor ETF Price Performance

SMHX stock opened at $63.46 on Wednesday. The firm has a market cap of $251.94 million, a price-to-earnings ratio of 41.26 and a beta of 2.28. VanEck Fabless Semiconductor ETF has a 1-year low of $27.83 and a 1-year high of $67.23. The firm has a fifty day moving average price of $48.73 and a two-hundred day moving average price of $42.22.

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.