Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 61,080 shares, an increase of 261.4% from the April 15th total of 16,902 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 15,871 shares, the days-to-cover ratio is presently 3.8 days.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter worth about $55,000. Benjamin Edwards Inc. lifted its holdings in shares of Hilton Small-MidCap Opportunity ETF by 28.2% during the third quarter. Benjamin Edwards Inc. now owns 22,371 shares of the company’s stock valued at $603,000 after purchasing an additional 4,921 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the fourth quarter valued at approximately $862,000. Osaic Holdings Inc. lifted its holdings in shares of Hilton Small-MidCap Opportunity ETF by 31.6% during the fourth quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock valued at $1,712,000 after purchasing an additional 15,347 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the first quarter valued at approximately $2,121,000.
Hilton Small-MidCap Opportunity ETF Price Performance
NASDAQ:SMCO opened at $29.36 on Thursday. The firm’s 50-day moving average price is $28.29 and its 200-day moving average price is $27.93. The company has a market capitalization of $127.72 million, a PE ratio of 24.86 and a beta of 1.17. Hilton Small-MidCap Opportunity ETF has a 1-year low of $24.19 and a 1-year high of $31.17.
Hilton Small-MidCap Opportunity ETF Company Profile
The Hilton Small-MidCap Opportunity ETF (SMCO) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that focuses on generating returns while minimizing risk through its proprietary Small & Mid Cap Opportunities investment process (SMCO), which attempts to identify undervalued US stocks in the small- and mid-cap space. SMCO was launched on Nov 28, 2023 and is issued by Hilton.
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