VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Shares Break Below 200-Day Moving Average – Here’s Why

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $51.65 and traded as low as $50.16. VanEck Fabless Semiconductor ETF shares last traded at $50.24, with a volume of 79,166 shares trading hands.

VanEck Fabless Semiconductor ETF Price Performance

The company has a market capitalization of $228.59 million, a P/E ratio of 41.26 and a beta of 2.37. The company’s 50-day moving average price is $57.09 and its two-hundred day moving average price is $51.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new position in VanEck Fabless Semiconductor ETF in the 1st quarter valued at about $178,000. Brookstone Capital Management bought a new stake in shares of VanEck Fabless Semiconductor ETF during the third quarter worth approximately $211,000. Concorde Asset Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the second quarter worth approximately $283,000. Cetera Investment Advisers grew its position 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 purchasing an additional 1,129 shares during the last quarter. Finally, Center For Asset Management LLC grew its position in shares of VanEck Fabless Semiconductor ETF by 125.1% in the third quarter. Center For Asset Management LLC now owns 7,163 shares of the company’s stock valued at $434,000 after purchasing an additional 3,981 shares during the last quarter.

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.