VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Down 15.6% in February

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 6,662,602 shares, a drop of 15.6% from the January 29th total of 7,895,731 shares. Based on an average daily trading volume, of 9,412,840 shares, the short-interest ratio is presently 0.7 days. Approximately 6.1% of the company’s shares are short sold. Approximately 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,412,840 shares, the short-interest ratio is presently 0.7 days.

VanEck Semiconductor ETF Stock Up 2.1%

SMH opened at $399.10 on Thursday. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $427.94. The company has a 50 day moving average of $396.26 and a two-hundred day moving average of $355.64. The company has a market cap of $43.62 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SMH. Realta Investment Advisors grew its stake in shares of VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $28,000. WealthCollab LLC acquired a new stake in VanEck Semiconductor ETF in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC raised its stake in shares of VanEck Semiconductor ETF by 175.8% during the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after purchasing an additional 58 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth $31,000.

VanEck Semiconductor ETF Company Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.