VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Short Interest Up 167.3% in August

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 51,752 shares, a growth of 167.3% from the July 30th total of 19,360 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 61,461 shares, the short-interest ratio is currently 0.8 days.

VanEck Fabless Semiconductor ETF Stock Down 3.8%

SMHX stock traded down $2.18 during trading on Friday, hitting $55.16. 32,845 shares of the company’s stock traded hands, compared to its average volume of 103,752. The stock has a fifty day moving average price of $58.04 and a two-hundred day moving average price of $51.38. VanEck Fabless Semiconductor ETF has a 52 week low of $34.03 and a 52 week high of $68.36. The stock has a market capitalization of $250.98 million, a price-to-earnings ratio of 41.26 and a beta of 2.45.

Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in VanEck Fabless Semiconductor ETF during the 4th quarter valued at $26,000. Global Retirement Partners LLC raised its position in VanEck Fabless Semiconductor ETF by 839.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock valued at $41,000 after acquiring an additional 974 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the 4th quarter worth about $79,000. Western Wealth Management LLC acquired a new position in VanEck Fabless Semiconductor ETF in the 1st quarter valued at $178,000. Finally, Ameritas Advisory Services LLC bought a new position in VanEck Fabless Semiconductor ETF during the fourth quarter worth $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.