Short Interest in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Declines By 35.0%

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 63,379 shares, a drop of 35.0% from the May 31st total of 97,493 shares. Based on an average trading volume of 236,315 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.6% of the shares of the company are sold short.

VanEck Fabless Semiconductor ETF Trading Down 3.8%

SMHX opened at $61.46 on Thursday. The stock has a market cap of $244.00 million, a PE ratio of 41.26 and a beta of 2.40. VanEck Fabless Semiconductor ETF has a 1 year low of $30.74 and a 1 year high of $68.36. The stock’s 50 day simple moving average is $58.78 and its 200-day simple moving average is $46.03.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its position in VanEck Fabless Semiconductor ETF by 22.1% in the first 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. Black Swift Group LLC acquired a new stake in VanEck Fabless Semiconductor ETF during the third quarter valued at approximately $13,243,000. LPL Financial LLC grew its stake in shares of VanEck Fabless Semiconductor ETF by 1,263.0% in the 4th quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock valued at $4,613,000 after purchasing an additional 112,407 shares during the period. HRT Financial LP raised its holdings in shares of VanEck Fabless Semiconductor ETF by 9.3% in the 4th quarter. HRT Financial LP now owns 70,765 shares of the company’s stock worth $2,691,000 after buying an additional 6,029 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of VanEck Fabless Semiconductor ETF during the 4th quarter worth approximately $2,210,000.

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.