Short Interest in VanEck Semiconductor ETF (NASDAQ:SMH) Expands By 17.7%

VanEck Semiconductor ETF (NASDAQ:SMH) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 7,844,377 shares, a growth of 17.7% from the February 12th total of 6,662,602 shares. Based on an average daily trading volume, of 6,888,604 shares, the days-to-cover ratio is presently 1.1 days. Currently, 7.2% of the company’s shares are short sold. Currently, 7.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,888,604 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of hedge funds have recently modified their holdings of the business. Realta Investment Advisors raised its position in VanEck Semiconductor ETF by 84.4% during the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. WealthCollab LLC acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at about $28,000. Sound Income Strategies LLC increased its stake in shares of VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after buying an additional 58 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $31,000. Finally, CX Institutional lifted its stake in shares of VanEck Semiconductor ETF by 288.5% in the third quarter. CX Institutional now owns 101 shares of the company’s stock worth $33,000 after acquiring an additional 75 shares during the period.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded up $9.79 during trading hours on Monday, reaching $397.12. The company’s stock had a trading volume of 3,781,266 shares, compared to its average volume of 8,369,481. The firm has a fifty day simple moving average of $400.12 and a 200-day simple moving average of $360.95. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $427.94. The stock has a market cap of $43.40 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

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

About VanEck Semiconductor ETF

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.