VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Up 42.2% in October

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,700,000 shares, an increase of 42.2% from the September 30th total of 6,820,000 shares. Approximately 9.7% of the company’s stock are sold short. Based on an average daily volume of 7,986,600 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 7,986,600 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.7% of the company’s stock are sold short.

VanEck Semiconductor ETF Stock Down 3.6%

Shares of SMH stock opened at $352.76 on Wednesday. The company’s fifty day simple moving average is $326.34 and its 200-day simple moving average is $285.22. The firm has a market cap of $35.41 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC lifted its position in VanEck Semiconductor ETF by 2.5% during the 3rd quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock worth $382,000 after buying an additional 28 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in VanEck Semiconductor ETF by 24.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 144 shares of the company’s stock worth $46,000 after acquiring an additional 28 shares in the last quarter. Klingman & Associates LLC raised its position in VanEck Semiconductor ETF by 2.7% during the third quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock worth $359,000 after acquiring an additional 29 shares in the last quarter. Global Financial Private Client LLC raised its position in VanEck Semiconductor ETF by 0.8% during the third quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock worth $1,288,000 after acquiring an additional 32 shares in the last quarter. Finally, Abound Wealth Management raised its position in VanEck Semiconductor ETF by 4.2% during the third quarter. Abound Wealth Management now owns 848 shares of the company’s stock worth $277,000 after acquiring an additional 34 shares in the last quarter.

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.