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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 72,635 shares, a drop of 36.9% from the April 30th total of 115,059 shares. Based on an average daily trading volume, of 99,011 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.8% of the company’s shares are sold short.

VanEck Fabless Semiconductor ETF Price Performance

Shares of SMHX opened at $66.48 on Friday. VanEck Fabless Semiconductor ETF has a 1-year low of $28.25 and a 1-year high of $68.36. The company has a 50-day moving average of $50.45 and a 200 day moving average of $42.80. The firm has a market capitalization of $263.93 million, a price-to-earnings ratio of 41.26 and a beta of 2.40.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in VanEck Fabless Semiconductor ETF during the 4th quarter valued at about $26,000. Global Retirement Partners LLC raised its holdings in shares of VanEck Fabless Semiconductor ETF by 839.7% in the 4th 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. Farther Finance Advisors LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $79,000. Western Wealth Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the 1st quarter valued at about $178,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $202,000.

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.