VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Up 21.0% in March

VanEck Semiconductor ETF (NASDAQ:SMH) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,060,000 shares, an increase of 21.0% from the March 15th total of 10,790,000 shares. Based on an average daily volume of 7,996,100 shares, the short-interest ratio is currently 1.6 days. Approximately 14.5% of the company’s stock are sold short.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Several hedge funds have recently modified their holdings of the company. Hartford Financial Management Inc. increased its position in shares of VanEck Semiconductor ETF by 61.9% during the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in VanEck Semiconductor ETF by 3.9% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,081 shares of the company’s stock valued at $262,000 after purchasing an additional 41 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of VanEck Semiconductor ETF by 2.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,905 shares of the company’s stock valued at $461,000 after purchasing an additional 41 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of VanEck Semiconductor ETF by 50.6% in the 4th quarter. Hemington Wealth Management now owns 131 shares of the company’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its holdings in shares of VanEck Semiconductor ETF by 1.3% in the 4th quarter. Smith Anglin Financial LLC now owns 3,545 shares of the company’s stock worth $859,000 after buying an additional 45 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $187.83 on Tuesday. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $283.07. The firm has a market capitalization of $17.29 billion, a P/E ratio of 25.25 and a beta of 1.35. The company’s 50-day moving average is $219.58 and its 200 day moving average is $238.60.

VanEck Semiconductor ETF Company Profile

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.