Short Interest in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Decreases By 57.9%

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 19,360 shares, a decrease of 57.9% from the July 15th total of 46,037 shares. Based on an average daily volume of 103,331 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

VanEck Fabless Semiconductor ETF Stock Performance

Shares of SMHX stock traded up $0.72 on Monday, hitting $59.74. The stock had a trading volume of 15,744 shares, compared to its average volume of 106,775. The firm has a market capitalization of $271.82 million, a price-to-earnings ratio of 41.26 and a beta of 2.45. The stock’s 50 day moving average is $59.42 and its 200-day moving average is $50.29. VanEck Fabless Semiconductor ETF has a 52-week low of $33.38 and a 52-week high of $68.36.

Institutional Trading of VanEck Fabless Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter worth approximately $434,000. Tower Research Capital LLC TRC lifted its stake in VanEck Fabless Semiconductor ETF by 4,130.5% during the third quarter. Tower Research Capital LLC TRC now owns 28,598 shares of the company’s stock worth $1,095,000 after purchasing an additional 27,922 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in VanEck Fabless Semiconductor ETF by 50.3% in the third quarter. Susquehanna International Group LLP now owns 30,223 shares of the company’s stock worth $1,157,000 after purchasing an additional 10,115 shares during the period. Advisory Services Network LLC acquired a new position in VanEck Fabless Semiconductor ETF in the third quarter worth $215,000. Finally, Assetmark Inc. boosted its holdings in VanEck Fabless Semiconductor ETF by 39.6% in the fourth quarter. Assetmark Inc. now owns 309,536 shares of the company’s stock worth $11,772,000 after purchasing an additional 87,839 shares during the period.

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.