Advertisement
UK markets close in 5 hours 52 minutes

  • FTSE 100

    8,110.95
    +32.09 (+0.40%)
     

  • FTSE 250

    19,840.62
    +238.64 (+1.22%)
     

  • AIM

    755.76
    +2.64 (+0.35%)
     

  • GBP/EUR

    1.1658
    +0.0001 (+0.01%)
     

  • GBP/USD

    1.2512
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    51,565.22
    +415.98 (+0.81%)
     

  • CMC Crypto 200

    1,390.88
    -5.65 (-0.40%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     

  • GOLD FUTURES

    2,360.80
    +18.30 (+0.78%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,040.19
    +122.91 (+0.69%)
     

  • CAC 40

    8,028.13
    +11.48 (+0.14%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Semiconductor ETF (SMH) Hits New 52-Week High

Sanghamitra Saha
·1-min read

Investors seeking momentum may have VanEck Vectors Semiconductor ETF SMH on radar now. The fund recently hit a new 52-week high. Shares of SMH are up approximately 63.8% from their 52-week low of $163.58/share.

But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.

SMH in Focus

The underlying MVIS US Listed Semiconductor 25 Index tracks the overall performance of companies involved in semiconductor production and equipment.The expense ratio is 0.35%.

Why the move?

Semiconductor stocks and ETFs should gain ahead from higher demand from a number of areas like the soaring video gaming industry, the latest bounce-back in bitcoin and an all overall pickup in technology stocks amid the pandemic. Supply shortage of semiconductors also boosted the demand for chips.

More Gains Ahead?

The fund has a positive weighted alpha of 52.37. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
VanEck Vectors Semiconductor ETF (SMH): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research