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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 72,635 shares, a drop of 36.9% from the April 30th total of 115,059 shares. Based on an average daily trading volume, of 99,011 shares, the short-interest ratio is presently 0.7 days. Approximately 1.8% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

Large investors have recently bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of VanEck Fabless Semiconductor ETF by 22.1% during the first quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after buying an additional 68,436 shares during the period. Black Swift Group LLC acquired a new position in VanEck Fabless Semiconductor ETF during the 3rd quarter worth approximately $13,243,000. LPL Financial LLC grew its holdings in VanEck Fabless Semiconductor ETF by 1,263.0% during the 4th quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock worth $4,613,000 after acquiring an additional 112,407 shares in the last quarter. HRT Financial LP increased its position in shares of VanEck Fabless Semiconductor ETF by 9.3% in the 4th quarter. HRT Financial LP now owns 70,765 shares of the company’s stock valued at $2,691,000 after purchasing an additional 6,029 shares during the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 4th quarter valued at approximately $2,210,000.

VanEck Fabless Semiconductor ETF Stock Down 4.2%

NASDAQ:SMHX opened at $65.02 on Thursday. VanEck Fabless Semiconductor ETF has a 52 week low of $28.25 and a 52 week high of $68.36. The company has a fifty day simple moving average of $49.87 and a two-hundred day simple moving average of $42.60. The company has a market cap of $258.13 million, a price-to-earnings ratio of 41.26 and a beta of 2.28.

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.