SMART Mid Cap ETF (NYSEARCA:SMCP) Sees Large Increase in Short Interest

SMART Mid Cap ETF (NYSEARCA:SMCPGet Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 41,474 shares, an increase of 862.9% from the July 30th total of 4,307 shares. Approximately 23.0% of the shares of the company are short sold. Based on an average daily volume of 21,667 shares, the short-interest ratio is currently 1.9 days.

SMART Mid Cap ETF Price Performance

SMCP remained flat at $26.73 during trading on Wednesday. 3,121 shares of the company’s stock were exchanged, compared to its average volume of 5,254. SMART Mid Cap ETF has a 1 year low of $23.29 and a 1 year high of $26.93. The firm has a fifty day moving average of $25.35 and a 200 day moving average of $28.52. The company has a market cap of $4.81 million, a P/E ratio of 13.61 and a beta of 1.58.

About SMART Mid Cap ETF

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The AlphaMark Actively Managed Small Cap ETF (SMCP) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively-managed portfolio of ETFs that holds small-cap stocks. SMCP was launched on Apr 21, 2015 and is issued by AlphaMark.

Further Reading

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