VanEck Steel ETF (SLX)Natural Resources | Exchange Traded Fund | NYSEArca
99.31 USD
+0.19
(0.192%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 99.31 |
Hot Take ↕ | July 11, 2026, 2:56 a.m. EDT
The VanEck Steel ETF presents a compelling long-term opportunity driven by a robust nine-year price trajectory that is up 141%, underpinned by a recent surge to 52-week highs and positive year-over-year momentum. This structural appreciation validates the thesis of a recovering industrial cycle, likely fueled by tariff protections and AI-driven infrastructure demand. However, the short-term outlook is clouded by a sharp intraday reversal over the last two weeks, where the price has slipped significantly from its recent peak, erasing some of the immediate gains. While the long-term fundamentals remain solid with a fortress-like recovery story, the recent price weakness and the conflicting signals in the options chain—where traders are simultaneously buying deep out-of-the-money calls and heavy put protection for year-end—suggest caution for immediate entries. The dividend yield is modest and insufficient to offset the recent price drag, making this primarily a growth play on the commodity cycle rather than an income vehicle. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.041366 |
| MSTL | 0.043431 |
| AutoETS | 0.047102 |
| AutoARIMA | 0.047775 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 48% |
| H-stat | 2.38 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.058 |
| Excess Kurtosis | -0.18 |
| Attribute | Value |
|---|---|
| Trailing P/E | 19.54 |
As of July 11, 2026, 2:56 a.m. EDT: Speculator positioning is mixed and fragmented. Near-term expirations show negligible interest with flat implied volatility. However, September calls exhibit a massive IV spike at deep strikes (60), suggesting a specific bet on a binary event or extreme tail risk, while significant open interest clusters exist at 115 and 150. Conversely, December puts show aggressive new volume flow at strikes 125 and 150, indicating hedging or bearish bets on a potential correction. The lack of cohesive directional flow suggests the market is pricing in volatility rather than a clear trend.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.55% | 1.55% | 2.65% | 4.09% |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-22 | 1.316 | 1.553352 |
| 2024-12-23 | 2.078 | 3.539431 |
| 2023-12-18 | 2.067 | 2.851428 |
| 2022-12-19 | 2.877 | 5.131086 |
| 2021-12-20 | 3.761 | 7.387547 |
| 2020-12-21 | 0.833 | 1.879513 |
| 2019-12-30 | 0.072 | 0.191032 |
| 2019-12-23 | 0.972 | 2.570069 |
| 2018-12-20 | 2.182 | 6.262916 |
| 2017-12-27 | 0.027 | 0.059367 |
| 2017-12-18 | 1.091 | 2.490868 |
| 2016-12-19 | 0.402 | 1.050980 |
| 2015-12-21 | 1.043 | 5.530223 |
| 2014-12-22 | 1.159 | 3.338134 |
| 2013-12-23 | 0.984 | 2.033058 |
| 2012-12-24 | 1.075 | 2.267454 |
| 2011-12-23 | 1.142 | 2.374220 |
| 2010-12-23 | 1.025 | 1.421439 |
| 2009-12-23 | 0.982 | 1.599088 |
| 2008-12-26 | 1.355 | 4.886405 |
| 2007-12-24 | 0.485 | 0.564742 |
| 2006-12-21 | 0.145 | 0.317079 |
| Attribute | Value |
|---|---|
| All Time High | 114.12 |
| All Time Low | 15.3 |
| Ask | 104.87 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 30,260 |
| Average Daily Volume3 Month | 57,027 |
| Average Volume | 57,027 |
| Average Volume10Days | 30,260 |
| Beta3 Year | 1.36 |
| Bid | 93.57 |
| Bid Size | 700 |
| Category | Natural Resources |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 99.96 |
| Day Low | 98.8182 |
| Dividend Yield | 1.33 |
| Eps Trailing Twelve Months | 5.0817986 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 105.3536 |
| Fifty Day Average Change | -6.043602 |
| Fifty Day Average Change Percent | -0.05736493 |
| Fifty Two Week Change Percent | 40.85548 |
| Fifty Two Week High | 114.0 |
| Fifty Two Week High Change | -14.690002 |
| Fifty Two Week High Change Percent | -0.12885967 |
| Fifty Two Week Low | 66.69 |
| Fifty Two Week Low Change | 32.619995 |
| Fifty Two Week Low Change Percent | 0.4891287 |
| Fifty Two Week Range | 66.69 - 114.0 |
| First Trade Date Milliseconds | 1,161,091,800,000 |
| Five Year Average Return | 0.1362817 |
| Full Exchange Name | NYSEArca |
| Fund Family | VanEck |
| Fund Inception Date | 1,160,438,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The steel index is a modified market-capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in mining and processing of iron ore, the production, processing, fabrication and recycling of steel products, the operation of steel production facilities and related services, and/or recycling of steel products. The fund is non-diversified. |
| Long Name | VanEck Steel ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_29729860 |
| Nav Price | 97.1 |
| Net Assets | 169,951,152.0 |
| Net Expense Ratio | 0.55 |
| Open | 98.5 |
| Phone | 888-658-8287 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 99.31 |
| Post Market Time | 1,783,976,700 |
| Previous Close | 99.12 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.189995 |
| Regular Market Change Percent | 0.191682 |
| Regular Market Day High | 99.96 |
| Regular Market Day Low | 98.8182 |
| Regular Market Day Range | 98.8182 - 99.96 |
| Regular Market Open | 98.5 |
| Regular Market Previous Close | 99.12 |
| Regular Market Price | 99.31 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 40,621 |
| Short Name | VanEck Steel ETF |
| Source Interval | 15 |
| Symbol | SLX |
| Three Year Average Return | 0.18063681 |
| Total Assets | 169,951,152 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 19.542294 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 7.57757 |
| Trailing Three Month Returns | 7.57757 |
| Triggerable | 1 |
| Two Hundred Day Average | 91.86965 |
| Two Hundred Day Average Change | 7.440346 |
| Two Hundred Day Average Change Percent | 0.08098807 |
| Type Disp | ETF |
| Volume | 40,621 |
| Yield | 0.013300001 |
| Ytd Return | 16.53497 |