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 $402.2 million with an expense ratio of 0.35% and average daily volume of shares traded of $217.7 million. SMH’s PE (price-to-earnings) ratio is 15.24x. Its PB (price-to-book) ratio and distribution yield are 3.28x and 1.17%, respectively.
SMH’s top five holdings are Intel (INTC) at 17.3%, Taiwan Semiconductor (TSM) at 13.0%, ASML Holding at 4.8%, Texas Instruments (TXN) at 5.2%, and Qualcomm (QCOM) at 10.4%. These companies make up more than 50% of SMH’s total portfolio. Intel accounts for 0.87% of the SPDR S&P 500 ETF (SPY) as well.
Fund flows in SMH
In the trailing one month, net fund inflows for the VanEck Vectors Semiconductor ETF (SMH) were $184.6 million. In the trailing 12-month (or TTM) period, net fund inflows were $87.7 million. Fund flows in the trailing one week and trailing three months (quarterly) were $25.1 million and -$66.1 million, respectively.
SMH generated investor returns of 17.3% in the trailing 12-month period and 4.9% in the trailing one-month period. In comparison, it generated 21.6% returns in the trailing three-year period, -1.5% YTD (year-to-date), and 0.64% in the last three months. We can see that fund flows are directly related to ETF returns.
On October 16, 2015, SMH closed the trading day at $53.83. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 2.3% below its 100-day moving average of $52.60
- 7.2% above its 50-day moving average of $50.21
- 5.9% above its 20-day moving average of $50.81
Relative Strength Index
SMH’s 14-day RSI (Relative Strength Index) is 66.2, which shows the ETF is slightly overbought. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests a stock has been oversold.