ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 206,763 shares, a decline of 96.9% from the September 15th total of 6,609,351 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 929,267 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Trust Services Inc. raised its stake in ALPS | Smith Core Plus Bond ETF by 283.6% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 119,649 shares of the company’s stock worth $2,936,000 after acquiring an additional 88,455 shares during the period. Tidal Investments LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 9.9% in the second quarter. Tidal Investments LLC now owns 66,900 shares of the company’s stock valued at $1,722,000 after acquiring an additional 6,030 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ALPS | Smith Core Plus Bond ETF in the second quarter valued at approximately $55,000. Citadel Advisors LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 2.3% in the second quarter. Citadel Advisors LLC now owns 96,686 shares of the company’s stock valued at $2,489,000 after acquiring an additional 2,139 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 59.9% in the second quarter. Concurrent Investment Advisors LLC now owns 24,278 shares of the company’s stock valued at $625,000 after acquiring an additional 9,091 shares during the period.
ALPS | Smith Core Plus Bond ETF Stock Down 0.2%
SMTH stock traded down $0.05 during trading on Friday, hitting $24.55. 726,673 shares of the company’s stock traded hands, compared to its average volume of 542,065. ALPS | Smith Core Plus Bond ETF has a 52 week low of $24.34 and a 52 week high of $26.47. The stock has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $25.48.
About ALPS | Smith Core Plus Bond ETF
The ALPS/SMITH Core Plus Bond ETF (SMTH) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to global debt securities of any maturity and credit quality. The fund aims for an above-average total return. SMTH was launched on Dec 5, 2023 and is issued by SS&C.
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