Short Interest in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Rises By 346.2%

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 115,059 shares, an increase of 346.2% from the April 15th total of 25,784 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 95,630 shares, the short-interest ratio is presently 1.2 days.

VanEck Fabless Semiconductor ETF Price Performance

SMHX stock traded down $1.45 on Friday, reaching $56.03. The company’s stock had a trading volume of 95,285 shares, compared to its average volume of 89,948. VanEck Fabless Semiconductor ETF has a 52 week low of $26.62 and a 52 week high of $57.64. The company has a market capitalization of $222.44 million, a P/E ratio of 41.26 and a beta of 2.28. The firm has a fifty day moving average of $43.51 and a two-hundred day moving average of $40.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMHX. Steward Partners Investment Advisory LLC bought a new position in VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $26,000. Global Retirement Partners LLC increased its stake in shares of 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 during the period. Farther Finance Advisors LLC bought a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter worth approximately $79,000. Ameritas Advisory Services LLC acquired a new stake in VanEck Fabless Semiconductor ETF in the fourth quarter worth approximately $202,000. Finally, Advisory Services Network LLC acquired a new stake in VanEck Fabless Semiconductor ETF in the third quarter worth approximately $215,000.

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.