VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Up 28.5% in November

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 10,550,000 shares, a growth of 28.5% from the October 31st total of 8,210,000 shares. Based on an average daily trading volume, of 6,541,200 shares, the days-to-cover ratio is currently 1.6 days.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock traded up $3.88 during trading on Friday, hitting $242.13. 5,607,353 shares of the company’s stock traded hands, compared to its average volume of 7,937,099. The company has a market cap of $23.99 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $156.56 and a twelve month high of $283.07. The firm’s fifty day moving average price is $248.13 and its 200 day moving average price is $247.06.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in SMH. Piscataqua Savings Bank lifted its position in VanEck Semiconductor ETF by 1.0% during the 2nd quarter. Piscataqua Savings Bank now owns 4,050 shares of the company’s stock worth $1,056,000 after buying an additional 41 shares in the last quarter. Nvwm LLC lifted its position in shares of VanEck Semiconductor ETF by 2.2% during the third quarter. Nvwm LLC now owns 1,867 shares of the company’s stock worth $458,000 after purchasing an additional 41 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of VanEck Semiconductor ETF by 4.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock worth $248,000 after purchasing an additional 42 shares in the last quarter. Allworth Financial LP increased its holdings in shares of VanEck Semiconductor ETF by 5.1% in the third quarter. Allworth Financial LP now owns 892 shares of the company’s stock valued at $219,000 after purchasing an additional 43 shares in the last quarter. Finally, Clarity Capital Partners LLC raised its position in VanEck Semiconductor ETF by 2.8% in the 3rd quarter. Clarity Capital Partners LLC now owns 1,590 shares of the company’s stock worth $390,000 after purchasing an additional 44 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.