VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Down 23.0% in January

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 8,480,000 shares, a drop of 23.0% from the January 15th total of 11,020,000 shares. Based on an average daily volume of 6,046,200 shares, the days-to-cover ratio is currently 1.4 days.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock traded up $0.66 during trading on Friday, reaching $252.58. 4,276,974 shares of the stock traded hands, compared to its average volume of 6,479,066. VanEck Semiconductor ETF has a 52-week low of $193.72 and a 52-week high of $283.07. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business has a fifty day simple moving average of $248.80 and a two-hundred day simple moving average of $244.62.

VanEck Semiconductor ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several hedge funds have recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. raised its stake in shares of VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF in the third quarter worth about $28,000. Ethos Financial Group LLC purchased a new position in VanEck Semiconductor ETF during the 4th quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $29,000.

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.