SMH Sees $117.45 Million in Fund Outflows in Trailing 12 Months



Overview of SMH

The VanEck Vectors Semiconductor ETF (SMH) tracks a market-cap-weighted portfolio of US semiconductor companies. It tracks the performance of 26 publicly listed companies in the US semiconductor sector.

SMH’s market capitalization is $277.70 million with an expense ratio of 0.35% and average daily volume of shares traded at $215.1 million. SMH’s price-to-earnings ratio is 16.77x. Its price-to-book and distribution yields are 3.21x and 1.30%, respectively.

SMH’s top five holdings include Intel (INTC) at 19.06%, Taiwan Semiconductors Manufacturing (TSM) at 15.58%, ASML Holding at 6.02%, Texas Instruments (TXN) at 5.16%, and Broadcom (BRCM) at 4.64%. These make up more than 50% of SMH’s total portfolio.

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Fund flows in SMH

In the trailing one month, fund outflows for the VanEck Vectors Semiconductor ETF (SMH) was $151.48 million. In the trailing 12-month (or TTM) period, net fund outflows stood at $117.45 million. SMH’s fund flows in the trailing one week and trailing three months are $101.07 million and -$59.58 million, respectively.

SMH generated investor returns of -4.74% in the trailing 12-month period and 5.78% in the trailing one-month period. In comparison, it generated 17.15% in returns in the trailing three-year period, -10.82% year-to-date, and -15.23% in the last three months. We can see that fund flows are directly related to ETF returns.

Moving averages

On September 18, 2015, SMH closed the trading day at $48.97. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 8.39% below its 100-day moving average of $53.46
  • 2.88% below its 50-day moving average of $50.43
  • 1.65% below its 20-day moving average of $49.79

Relative Strength Index

SMH’s 14-day RSI (Relative Strength Index) is 43.84, which shows that the ETF is slightly oversold. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.


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