VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Sees Large Decline in Short Interest

by · The Markets Daily

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 19,360 shares, a drop of 57.9% from the July 15th total of 46,037 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 103,331 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

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

VanEck Fabless Semiconductor ETF Trading Up 0.2%

Shares of SMHX traded up $0.13 during midday trading on Friday, reaching $59.07. The stock had a trading volume of 35,457 shares, compared to its average volume of 107,369. The firm has a 50 day simple moving average of $59.42 and a 200-day simple moving average of $50.21. VanEck Fabless Semiconductor ETF has a one year low of $33.38 and a one year high of $68.36. The firm has a market cap of $268.77 million, a PE ratio of 41.26 and a beta of 2.45.

About VanEck Fabless Semiconductor ETF

(Get Free Report)

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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