Significant ETF Withdrawals Observed in SMH, SNPS, MRVL, and MCHP

Published On: May 8, 2025 3:07 pm

VanEck Semiconductor ETF Sees $176 Million Outflow This Week

Significant Changes in ETF Shares Outstanding

This week, the VanEck Semiconductor ETF (Symbol: SMH) experienced a noteworthy outflow of approximately $176 million, reflecting a 0.9% decrease in shares outstanding—from 91,591,874 to 90,791,874. Among the leading holdings in this ETF, Synopsys Inc (Symbol: SNPS) has increased by about 1%, Marvell Technology Inc (Symbol: MRVL) rose by approximately 2.5%, and Microchip Technology Inc (Symbol: MCHP) gained roughly 1.7%.

Performance Overview

The chart below highlights the one-year price performance of SMH in relation to its 200-day moving average:

VanEck Semiconductor ETF 200 Day Moving Average Chart

SMH’s share price has fluctuated between a 52-week low of $170.11 and a high of $283.07, with the most recent trade occurring at $221.91. Comparing the current price to the 200-day moving average can be an insightful technical analysis approach.

Understanding ETF Dynamics

Exchange Traded Funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded like stocks, but they can also be created or destroyed to meet investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units necessitates purchasing the underlying assets, while unit destruction involves selling them. Therefore, substantial flow shifts can impact individual stock components within ETFs.

For additional insights, click here to discover which 9 other ETFs reported notable outflows.