Short Interest in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Drops By 44.0%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 29,602 shares, a decline of 44.0% from the July 15th total of 52,883 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 18,948 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCO. Fulton Bank N.A. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 54.6% in the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock valued at $7,084,000 after acquiring an additional 80,684 shares during the period. Crumly & Associates Inc. grew its stake in Hilton Small-MidCap Opportunity ETF by 2.6% during the 2nd quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock valued at $14,307,000 after purchasing an additional 11,716 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Hilton Small-MidCap Opportunity ETF during the 1st quarter valued at about $55,000. Janney Montgomery Scott LLC acquired a new position in shares of Hilton Small-MidCap Opportunity ETF in the first quarter valued at about $2,121,000. Finally, Osaic Holdings Inc. raised its stake in shares of Hilton Small-MidCap Opportunity ETF by 31.6% in the fourth quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock worth $1,712,000 after purchasing an additional 15,347 shares during the last quarter.

Hilton Small-MidCap Opportunity ETF Trading Down 0.0%

Shares of SMCO stock traded down $0.01 during trading hours on Monday, reaching $30.89. 1,275 shares of the company’s stock were exchanged, compared to its average volume of 23,134. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two week high of $31.17. The stock’s 50 day moving average is $30.15 and its 200-day moving average is $29.22. The company has a market cap of $148.27 million, a price-to-earnings ratio of 24.86 and a beta of 1.12.

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.