VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Short Interest Down 40.2% in July

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. Based on an average daily volume of 104,967 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in VanEck Fabless Semiconductor ETF by 22.1% during the first quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after acquiring an additional 68,436 shares during the last quarter. LPL Financial LLC lifted its stake in shares of VanEck Fabless Semiconductor ETF by 1,263.0% in the 4th quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock valued at $4,613,000 after purchasing an additional 112,407 shares during the last quarter. HRT Financial LP lifted its stake in shares of VanEck Fabless Semiconductor ETF by 9.3% in the 4th quarter. HRT Financial LP now owns 70,765 shares of the company’s stock valued at $2,691,000 after purchasing an additional 6,029 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of VanEck Fabless Semiconductor ETF by 50.3% in the 3rd quarter. Susquehanna International Group LLP now owns 30,223 shares of the company’s stock worth $1,157,000 after purchasing an additional 10,115 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of VanEck Fabless Semiconductor ETF by 4,130.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 28,598 shares of the company’s stock worth $1,095,000 after purchasing an additional 27,922 shares during the period.

VanEck Fabless Semiconductor ETF Stock Up 1.7%

VanEck Fabless Semiconductor ETF stock opened at $54.84 on Friday. The company’s 50-day moving average price is $60.36 and its 200-day moving average price is $48.90. VanEck Fabless Semiconductor ETF has a twelve month low of $32.70 and a twelve month high of $68.36. The company has a market cap of $249.52 million, a PE ratio of 41.26 and a beta of 2.37.

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.