VanEck Semiconductor ETF Sees Significant Outflow
Investors Withdraw $1.1 Billion, Affecting Major Holdings
In the latest update from ETF Channel, notable changes in shares outstanding have been logged among exchange-traded funds (ETFs). The VanEck Semiconductor ETF (Symbol: SMH) is experiencing a substantial $1.1 billion outflow, marking a week-over-week decline of 4.6%. The shares outstanding decreased from 100,991,874 to 96,391,874. Key components of SMH are also facing downward movement today, with ASML Holding NV (Symbol: ASML) down approximately 2.5%, Micron Technology Inc. (Symbol: MU) falling 3.9%, and Lam Research Corp (Symbol: LRCX) retreating by about 2.5%. For a complete list of its holdings, check the SMH Holdings page.
The chart below illustrates SMH’s price performance over the past year compared to its 200-day moving average:
SMH’s price hits a low of $163.97 and a high of $283.07 within the last year, currently standing at $243.43. Analyzing its current share price alongside the 200-day moving average provides a valuable technical insight into market trends.
Exchange-traded funds operate like stocks; however, instead of trading “shares,” investors transact in “units.” These “units” can be traded similarly to stocks but can also be created or destroyed based on market demand. Each week, we focus on tracking the changes in shares outstanding to identify ETFs that are experiencing significant inflows or outflows. When new units are created, the underlying assets of the ETF are purchased, while the destruction of units indicates a sale of those assets. Consequently, large inflows or outflows can also impact the individual stocks that each ETF holds.
Find out which 9 other ETFs have seen notable outflows »
Also see:
- Cheap Growth Stocks
- TROX Price Target
- BOS Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
