VanEck Semiconductor ETF (NASDAQ:SMH) Sees Significant Growth in Short Interest

VanEck Semiconductor ETF (NASDAQ:SMH) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 7,844,377 shares, a growth of 17.7% from the February 12th total of 6,662,602 shares. Based on an average trading volume of 6,888,604 shares, the days-to-cover ratio is currently 1.1 days. Currently, 7.2% of the company’s stock are sold short. Currently, 7.2% of the company’s stock are sold short. Based on an average trading volume of 6,888,604 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of VanEck Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in VanEck Semiconductor ETF by 170.8% during the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after acquiring an additional 7,678,318 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of 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 worth $431,759,000 after purchasing an additional 735,425 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of VanEck Semiconductor ETF by 93.3% during 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 grew its stake in shares of VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after purchasing an additional 671,673 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $396.88 on Wednesday. The business has a fifty day moving average price of $400.63 and a 200 day moving average price of $362.37. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $427.94. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 31.0%.

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.