Short Interest in VanEck Semiconductor ETF (NASDAQ:SMH) Decreases By 18.1%

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,220,000 shares, a drop of 18.1% from the September 15th total of 10,040,000 shares. Based on an average trading volume of 8,827,400 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Hedge funds have recently made changes to their positions in the business. Silicon Valley Capital Partners purchased a new stake in VanEck Semiconductor ETF during the 1st quarter worth $25,000. Mendota Financial Group LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth $25,000. Chilton Capital Management LLC purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth $26,000. Innealta Capital LLC purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth $28,000. Finally, TD Capital Management LLC purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth $29,000.

VanEck Semiconductor ETF Trading Up 0.8 %

Shares of SMH stock opened at $256.69 on Monday. The company’s fifty day simple moving average is $238.12 and its 200-day simple moving average is $239.86. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07. The company has a market cap of $25.14 billion, a PE ratio of 18.82 and a beta of 1.35.

About VanEck Semiconductor ETF

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.