VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) saw 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. Based on an average daily volume of 103,331 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are short sold.
Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF
Several hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter worth about $26,000. Global Retirement Partners LLC grew its stake in 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 valued at $41,000 after purchasing an additional 974 shares in the last quarter. Cetera Investment Advisers increased 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 worth $307,000 after purchasing an additional 1,129 shares during the last quarter. Columbus Macro LLC raised 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 worth $372,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the 4th quarter worth approximately $79,000.
VanEck Fabless Semiconductor ETF Stock Performance
VanEck Fabless Semiconductor ETF stock traded up $0.13 during mid-day trading on Friday, reaching $59.07. The company’s stock had a trading volume of 35,457 shares, compared to its average volume of 107,369. VanEck Fabless Semiconductor ETF has a 12 month low of $33.38 and a 12 month high of $68.36. The business’s 50 day simple moving average is $59.42 and its 200 day simple moving average is $50.21. The company has a market capitalization of $268.77 million, a price-to-earnings ratio of 41.26 and a beta of 2.45.
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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