VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Short Interest Down 25.5% in September

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 75,300 shares, a decrease of 25.5% from the August 31st total of 101,100 shares. Based on an average daily trading volume, of 164,700 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 164,700 shares, the days-to-cover ratio is currently 0.5 days.

VanEck Fabless Semiconductor ETF Stock Up 2.1%

VanEck Fabless Semiconductor ETF stock opened at $39.46 on Tuesday. The firm has a market cap of $169.68 million and a PE ratio of 41.26. VanEck Fabless Semiconductor ETF has a 52-week low of $18.46 and a 52-week high of $39.90. The company’s 50 day moving average is $36.21 and its two-hundred day moving average is $30.34.

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $434,000. PNC Financial Services Group Inc. purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $31,000. BXM Wealth LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $606,000. Grimes & Company Inc. purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $428,000. Finally, Pennsylvania Capital Management Inc. ADV purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $290,000.

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.