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

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 46,037 shares, a drop of 40.2% from the June 30th total of 76,938 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 104,967 shares, the short-interest ratio is currently 0.4 days.

VanEck Fabless Semiconductor ETF Stock Up 5.0%

Shares of VanEck Fabless Semiconductor ETF stock traded up $2.57 during trading hours on Thursday, reaching $53.51. 14,725 shares of the stock traded hands, compared to its average volume of 109,421. VanEck Fabless Semiconductor ETF has a one year low of $32.70 and a one year high of $68.36. The firm has a market capitalization of $243.47 million, a price-to-earnings ratio of 41.26 and a beta of 2.37. The company has a 50 day moving average price of $60.57 and a 200 day moving average price of $48.75.

Hedge Funds Weigh In On VanEck Fabless Semiconductor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the first quarter valued at approximately $178,000. Cetera Investment Advisers boosted its stake in shares of VanEck Fabless Semiconductor ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock worth $307,000 after acquiring an additional 1,129 shares during the last quarter. Assetmark Inc. grew its position in shares of VanEck Fabless Semiconductor ETF by 22.1% during the 1st quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock valued at $14,067,000 after acquiring an additional 68,436 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the 1st quarter valued at $259,000. Finally, Columbus Macro LLC grew its position in shares of VanEck Fabless Semiconductor ETF by 13.5% during the 1st quarter. Columbus Macro LLC now owns 10,001 shares of the company’s stock valued at $372,000 after acquiring an additional 1,190 shares during the period.

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.