Short Interest in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Expands By 73.7%

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 130,212 shares, an increase of 73.7% from the November 30th total of 74,973 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 250,048 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 250,048 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of ALPS | Smith Core Plus Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in ALPS | Smith Core Plus Bond ETF by 12.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 49,333,372 shares of the company’s stock worth $1,291,548,000 after acquiring an additional 5,635,337 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 47.1% during the second quarter. Annex Advisory Services LLC now owns 5,143,368 shares of the company’s stock worth $132,956,000 after purchasing an additional 1,646,710 shares during the period. Level Four Advisory Services LLC bought a new position in shares of ALPS | Smith Core Plus Bond ETF in the 2nd quarter worth $32,872,000. Vise Technologies Inc. bought a new position in shares of ALPS | Smith Core Plus Bond ETF in the 2nd quarter worth $16,897,000. Finally, Stratos Investment Management LLC grew its position in ALPS | Smith Core Plus Bond ETF by 24.0% in the 2nd quarter. Stratos Investment Management LLC now owns 3,288,789 shares of the company’s stock valued at $85,015,000 after purchasing an additional 636,819 shares during the period.

ALPS | Smith Core Plus Bond ETF Stock Performance

SMTH remained flat at $26.10 during midday trading on Friday. 306,413 shares of the company’s stock traded hands, compared to its average volume of 322,763. ALPS | Smith Core Plus Bond ETF has a 12-month low of $25.15 and a 12-month high of $26.47. The stock’s 50 day simple moving average is $26.19 and its 200 day simple moving average is $26.03.

ALPS | Smith Core Plus Bond ETF Company Profile

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.