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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 19,360 shares, a decrease of 57.9% from the July 15th total of 46,037 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 103,331 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC grew its stake in VanEck Fabless Semiconductor ETF by 1,263.0% during the fourth quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock valued at $4,613,000 after acquiring an additional 112,407 shares in the last quarter. Assetmark Inc. lifted its stake in VanEck Fabless Semiconductor ETF by 39.6% in the 4th quarter. Assetmark Inc. now owns 309,536 shares of the company’s stock worth $11,772,000 after purchasing an additional 87,839 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in VanEck Fabless Semiconductor ETF by 4,130.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 28,598 shares of the company’s stock valued at $1,095,000 after purchasing an additional 27,922 shares during the period. Echo45 Advisors LLC bought a new position in VanEck Fabless Semiconductor ETF in the 4th quarter valued at $992,000. Finally, Jane Street Group LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF during the 2nd quarter valued at $434,000.

VanEck Fabless Semiconductor ETF Stock Up 0.2%

Shares of NASDAQ SMHX opened at $59.07 on Friday. The company has a market cap of $268.77 million, a P/E ratio of 41.26 and a beta of 2.45. VanEck Fabless Semiconductor ETF has a 52 week low of $33.38 and a 52 week high of $68.36. The business has a 50-day simple moving average of $59.42 and a two-hundred day simple moving average of $50.21.

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.