VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Sees Significant Decrease in Short Interest

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 75,300 shares, a drop of 25.5% from the August 31st total of 101,100 shares. Based on an average trading volume of 164,700 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 164,700 shares, the short-interest ratio is currently 0.5 days.

VanEck Fabless Semiconductor ETF Stock Up 3.4%

SMHX stock opened at $40.33 on Thursday. VanEck Fabless Semiconductor ETF has a 52 week low of $18.46 and a 52 week high of $40.35. The company has a fifty day simple moving average of $36.42 and a two-hundred day simple moving average of $30.47. The firm has a market capitalization of $173.42 million and a P/E ratio of 41.26.

Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new position in VanEck Fabless Semiconductor ETF during the second quarter valued at $31,000. Pennsylvania Capital Management Inc. ADV bought a new position in VanEck Fabless Semiconductor ETF during the second quarter valued at $290,000. Cambridge Investment Research Advisors Inc. bought a new position in VanEck Fabless Semiconductor ETF during the first quarter valued at $279,000. Lokken Investment Group LLC lifted its position in VanEck Fabless Semiconductor ETF by 23.0% during the first quarter. Lokken Investment Group LLC now owns 69,612 shares of the company’s stock valued at $1,625,000 after purchasing an additional 13,012 shares during the last quarter. Finally, Grimes & Company Inc. bought a new position in VanEck Fabless Semiconductor ETF during the second quarter valued at $428,000.

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.