VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 51,752 shares, a growth of 167.3% from the July 30th total of 19,360 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 61,461 shares, the days-to-cover ratio is presently 0.8 days.
VanEck Fabless Semiconductor ETF Trading Down 3.8%
SMHX opened at $55.16 on Friday. The company has a 50 day moving average of $58.04 and a 200 day moving average of $51.38. The company has a market cap of $250.98 million, a PE ratio of 41.26 and a beta of 2.45. VanEck Fabless Semiconductor ETF has a 12 month low of $34.03 and a 12 month high of $68.36.
Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF
Several hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in VanEck Fabless Semiconductor ETF by 22.1% during the 1st quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after purchasing an additional 68,436 shares in the last quarter. Echo45 Advisors LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the fourth quarter valued at about $992,000. Western Wealth Management LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the first quarter worth about $178,000. Cetera Investment Advisers lifted its holdings in shares of VanEck Fabless Semiconductor ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock worth $307,000 after buying an additional 1,129 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of VanEck Fabless Semiconductor ETF in the fourth quarter valued at approximately $26,000.
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.
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