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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the recipient of a large decrease in short interest in 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. Based on an average daily volume of 236,315 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.6% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 4th quarter valued at $26,000. Global Retirement Partners LLC increased its holdings in shares of VanEck Fabless Semiconductor ETF by 839.7% during 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 during the period. BXM Wealth LLC raised its position in shares of VanEck Fabless Semiconductor ETF by 6.1% during the fourth 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 lifted its stake in shares of VanEck Fabless Semiconductor ETF by 15.9% in the first 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 period. Finally, Columbus Macro LLC grew its position in VanEck Fabless Semiconductor ETF by 13.5% during the first 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 Down 3.8%

SMHX opened at $61.46 on Thursday. The stock’s 50 day moving average price is $58.78 and its two-hundred day moving average price is $46.03. The firm has a market capitalization of $244.00 million, a P/E ratio of 41.26 and a beta of 2.40. VanEck Fabless Semiconductor ETF has a 12-month low of $30.74 and a 12-month high of $68.36.

About VanEck Fabless Semiconductor ETF

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.