VanEck Steel ETF (SLX)Natural Resources | Exchange Traded Fund | NYSEArca
103.10 USD
-0.70
(-0.674%) ⇩
(Oct. 12, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 8:34 a.m. EDT
The VanEck Steel ETF presents a compelling case for a medium-term swing trade, though the immediate path looks choppy. Fundamentally, the business is on a strong multi-year uptrend, having gained over 125% since 2016 with no recent annual declines, suggesting the core thesis around industrial demand is intact. However, the price action over the last two weeks shows weakness, trading below its 50-day average, which creates a near-term headwind. The options market reflects this tension: traders are hedging against a drop to $104 while aggressively buying calls targeting a $125 finish by December. This divergence suggests that while the short-term technicals are soft, the speculative narrative regarding AI-driven industrial demand remains powerful enough to drive a rebound. The dividend yield is modest and not a primary driver here; instead, the play is on capital appreciation as the sector catches up to its 52-week highs. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.065203 |
| AutoETS | 0.067491 |
| AutoARIMA | 0.067491 |
| AutoTheta | 0.098556 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 2.16 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.010 |
| Excess Kurtosis | 0.82 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.14 |
As of Oct. 10, 2026, 8:34 a.m. EDT: Speculators are positioning defensively for a drop to $104 while simultaneously placing heavy bets on a significant rally to $125 by year-end. The massive volume in deep out-of-the-money puts suggests a fear of a sharp correction, yet the 'new flow' in far-dated calls indicates a belief in substantial upside potential driven by the AI infrastructure theme.
| 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 | 0.0 |
| Ask Size | 300 |
| Average Daily Volume10 Day | 10,410 |
| Average Daily Volume3 Month | 17,832 |
| Average Volume | 17,832 |
| Average Volume10Days | 10,410 |
| Beta3 Year | 1.37 |
| Bid | 97.61 |
| Bid Size | 100 |
| Category | Natural Resources |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 103.81 |
| Day Low | 102.56 |
| Dividend Yield | 1.28 |
| Eps Trailing Twelve Months | 5.6824317 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 107.0054 |
| Fifty Day Average Change | -3.9054031 |
| Fifty Day Average Change Percent | -0.036497254 |
| Fifty Two Week Change Percent | 38.074196 |
| Fifty Two Week High | 114.0 |
| Fifty Two Week High Change | -10.900002 |
| Fifty Two Week High Change Percent | -0.095614046 |
| Fifty Two Week Low | 72.66 |
| Fifty Two Week Low Change | 30.439995 |
| Fifty Two Week Low Change Percent | 0.4189374 |
| Fifty Two Week Range | 72.66 - 114.0 |
| First Trade Date Milliseconds | 1,161,091,800,000 |
| Five Year Average Return | 0.17858219 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.6000061 |
| Fullday Change Percent | -0.57804054 |
| Fullday Price | 103.1 |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_29729860 |
| Nav Price | 103.56 |
| Net Assets | 160,854,816.0 |
| Net Expense Ratio | 0.55 |
| Open | 102.83 |
| Phone | 888-658-8287 |
| Previous Close | 103.8 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.700005 |
| Regular Market Change Percent | -0.674378 |
| Regular Market Day High | 103.81 |
| Regular Market Day Low | 102.56 |
| Regular Market Day Range | 102.56 - 103.81 |
| Regular Market Open | 102.83 |
| Regular Market Previous Close | 103.8 |
| Regular Market Price | 103.1 |
| Regular Market Time | 1,791,835,200 |
| Regular Market Volume | 10,669 |
| Short Name | VanEck Steel ETF |
| Source Interval | 15 |
| Symbol | SLX |
| Three Year Average Return | 0.2074973 |
| Total Assets | 160,854,816 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.14364 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.69396 |
| Trailing Three Month Returns | 3.69396 |
| Triggerable | 1 |
| Two Hundred Day Average | 100.8419 |
| Two Hundred Day Average Change | 2.2580948 |
| Two Hundred Day Average Change Percent | 0.022392426 |
| Type Disp | ETF |
| Volume | 10,669 |
| Yield | 0.0128 |
| Ytd Return | 20.83972 |