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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 46,037 shares, a decline of 40.2% from the June 30th total of 76,938 shares. Based on an average daily volume of 104,967 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the shares of the company are sold short.

VanEck Fabless Semiconductor ETF Stock Up 5.0%

SMHX traded up $2.57 during midday trading on Thursday, reaching $53.51. The company had a trading volume of 14,725 shares, compared to its average volume of 109,421. The business has a 50-day moving average of $60.57 and a two-hundred day moving average of $48.75. VanEck Fabless Semiconductor ETF has a 1 year low of $32.70 and a 1 year high of $68.36. The company has a market cap of $243.47 million, a P/E ratio of 41.26 and a beta of 2.37.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in VanEck Fabless Semiconductor ETF during the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC increased its stake in shares of VanEck Fabless Semiconductor ETF by 839.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock worth $41,000 after purchasing an additional 974 shares in the last quarter. BXM Wealth LLC raised its position in shares of VanEck Fabless Semiconductor ETF by 6.1% during the 4th quarter. BXM Wealth LLC now owns 19,195 shares of the company’s stock valued at $730,000 after purchasing an additional 1,100 shares during the period. Cetera Investment Advisers raised its position in shares of VanEck Fabless Semiconductor ETF by 15.9% during the 1st 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 period. Finally, Columbus Macro LLC lifted its stake in shares of VanEck Fabless Semiconductor ETF by 13.5% during the 1st quarter. Columbus Macro LLC now owns 10,001 shares of the company’s stock valued at $372,000 after buying an additional 1,190 shares in 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.