VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 115,059 shares, a growth of 346.2% from the April 15th total of 25,784 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 95,630 shares, the days-to-cover ratio is presently 1.2 days.
VanEck Fabless Semiconductor ETF Price Performance
Shares of SMHX opened at $55.63 on Wednesday. The company has a market capitalization of $220.85 million, a P/E ratio of 41.26 and a beta of 2.28. VanEck Fabless Semiconductor ETF has a one year low of $26.62 and a one year high of $57.20. The business’s 50 day simple moving average is $42.75 and its 200-day simple moving average is $40.37.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in VanEck Fabless Semiconductor ETF during the 2nd quarter worth about $434,000. Lokken Investment Group LLC lifted its stake in VanEck Fabless Semiconductor ETF by 2.3% in the 3rd quarter. Lokken Investment Group LLC now owns 56,451 shares of the company’s stock valued at $2,161,000 after purchasing an additional 1,284 shares during the last quarter. Assetmark Inc. acquired a new stake in VanEck Fabless Semiconductor ETF in the 3rd quarter valued at about $8,487,000. Black Swift Group LLC acquired a new stake in VanEck Fabless Semiconductor ETF in the 3rd quarter valued at about $13,243,000. Finally, Tower Research Capital LLC TRC lifted its position in VanEck Fabless Semiconductor ETF by 4,130.5% during the third 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 last quarter.
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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