VanEck Semiconductor ETF (NASDAQ:SMH) Short Interest Update

VanEck Semiconductor ETF (NASDAQ:SMH) was the recipient of a large increase in short interest in 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. Currently, 14.5% of the company’s shares are short sold. Based on an average daily volume of 7,996,100 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of VanEck Semiconductor ETF by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock worth $348,091,000 after purchasing an additional 133,724 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 3.2% during the fourth quarter. Main Management ETF Advisors LLC now owns 972,740 shares of the company’s stock worth $235,568,000 after acquiring an additional 29,920 shares during the period. Meitav Investment House Ltd. raised its stake in shares of VanEck Semiconductor ETF by 4.1% during the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after acquiring an additional 24,516 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $144,385,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in VanEck Semiconductor ETF during the 4th quarter valued at about $121,329,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH traded down $6.92 during trading hours on Monday, hitting $185.61. 6,429,120 shares of the company’s stock traded hands, compared to its average volume of 7,478,470. The business has a fifty day moving average price of $220.80 and a 200-day moving average price of $239.02. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $283.07. The firm has a market capitalization of $17.08 billion, a P/E ratio of 25.25 and a beta of 1.35.

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.