Short Interest in VanEck Semiconductor ETF (NASDAQ:SMH) Decreases By 15.6%

VanEck Semiconductor ETF (NASDAQ:SMH) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 6,662,602 shares, a drop of 15.6% from the January 29th total of 7,895,731 shares. Based on an average daily trading volume, of 9,412,840 shares, the days-to-cover ratio is currently 0.7 days. Currently, 6.1% of the shares of the company are sold short. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,412,840 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after acquiring an additional 7,678,318 shares during the period. Bank of Nova Scotia lifted its position in VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares during the period. JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 93.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock worth $406,718,000 after purchasing an additional 703,799 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of VanEck Semiconductor ETF by 906.5% in the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the period.

VanEck Semiconductor ETF Stock Up 1.7%

Shares of NASDAQ:SMH opened at $397.60 on Wednesday. The company has a market cap of $43.45 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $427.94. The firm has a 50-day simple moving average of $395.56 and a 200 day simple moving average of $355.34.

VanEck Semiconductor ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a dividend yield of 31.0%. The ex-dividend date was Monday, December 22nd.

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.