VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 46,037 shares, a drop of 40.2% from the June 30th total of 76,938 shares. Based on an average daily volume of 104,967 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are short sold.
Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF
Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in VanEck Fabless Semiconductor ETF in the fourth quarter worth $26,000. Global Retirement Partners LLC raised its stake in VanEck Fabless Semiconductor ETF by 839.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock valued at $41,000 after acquiring an additional 974 shares during the period. Farther Finance Advisors LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter valued at about $79,000. Western Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF in the first quarter worth about $178,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the fourth quarter valued at approximately $202,000.
VanEck Fabless Semiconductor ETF Stock Performance
Shares of NASDAQ:SMHX opened at $53.93 on Friday. The company has a market capitalization of $245.38 million, a P/E ratio of 41.26 and a beta of 2.37. The company’s 50-day moving average is $60.47 and its 200 day moving average is $48.85. VanEck Fabless Semiconductor ETF has a fifty-two week low of $32.70 and a fifty-two week high of $68.36.
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.
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