Strive U.S. Semiconductor ETF (NYSE:SHOC) Sees Large Growth in Short Interest

Strive U.S. Semiconductor ETF (NYSE:SHOC) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 10,729 shares, a growth of 63.5% from the September 15th total of 6,562 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,296 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Strive U.S. Semiconductor ETF

A number of hedge funds have recently made changes to their positions in SHOC. Corient Private Wealth LP bought a new position in shares of Strive U.S. Semiconductor ETF during the second quarter worth $277,000. Citadel Advisors LLC boosted its stake in Strive U.S. Semiconductor ETF by 110.7% during the second quarter. Citadel Advisors LLC now owns 8,450 shares of the company’s stock valued at $1,031,000 after buying an additional 4,440 shares during the last quarter. Birch Financial Group LLC boosted its stake in Strive U.S. Semiconductor ETF by 9.9% during the first quarter. Birch Financial Group LLC now owns 11,250 shares of the company’s stock valued at $810,000 after buying an additional 1,014 shares during the last quarter. Demars Financial Group LLC boosted its stake in Strive U.S. Semiconductor ETF by 89.1% during the first quarter. Demars Financial Group LLC now owns 27,360 shares of the company’s stock valued at $1,971,000 after buying an additional 12,894 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Strive U.S. Semiconductor ETF by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 27,770 shares of the company’s stock valued at $2,000,000 after buying an additional 2,879 shares in the last quarter.

Strive U.S. Semiconductor ETF Stock Performance

Shares of SHOC stock opened at $102.30 on Friday. The stock has a fifty day simple moving average of $107.05 and a two-hundred day simple moving average of $104.40. The firm has a market capitalization of $226.09 million, a PE ratio of 41.80 and a beta of 1.92. Strive U.S. Semiconductor ETF has a 52-week low of $60.62 and a 52-week high of $124.68.

About Strive U.S. Semiconductor ETF

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.