ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Update

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 85,508 shares, a decline of 45.9% from the February 26th total of 157,961 shares. Based on an average trading volume of 294,073 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

ALPS | Smith Core Plus Bond ETF Price Performance

NYSEARCA SMTH opened at $25.59 on Friday. ALPS | Smith Core Plus Bond ETF has a twelve month low of $25.15 and a twelve month high of $26.47. The company’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $26.15.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Thursday, February 19th were paid a $0.0848 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, February 19th.

Hedge Funds Weigh In On ALPS | Smith Core Plus Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in ALPS | Smith Core Plus Bond ETF by 42.6% in the second quarter. JPMorgan Chase & Co. now owns 11,559 shares of the company’s stock valued at $299,000 after acquiring an additional 3,452 shares during the period. Level Four Advisory Services LLC bought a new position in shares of ALPS | Smith Core Plus Bond ETF during the second quarter valued at $32,872,000. Legacy Capital Wealth Partners LLC lifted its holdings in shares of ALPS | Smith Core Plus Bond ETF by 4.3% during the second quarter. Legacy Capital Wealth Partners LLC now owns 34,873 shares of the company’s stock valued at $901,000 after acquiring an additional 1,438 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $825,000. Finally, Main Street Financial Solutions LLC acquired a new stake in shares of ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $1,889,000.

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.