On April 24, Semiconductor ETF-HOLDRs (SMH) rose 3.1% pre-market, trading at $496.4/share, with trading volume of approximately $10.72 million.
The move comes amid a broad pre-market rally across the semiconductor sector. Intel surged over 30% at one point, AMD climbed more than 10%, and ARM gained over 8%. The sector had already been building momentum, extending gains from the prior session on April 22 when semiconductor stocks delivered strong pre-market performances. The widespread strength across major chipmakers has lifted the entire semiconductor complex, directly driving the ETF higher.
The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry, which may include medium-capitalization and foreign companies listed on a U.S. exchange. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments