ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Large Drop in Short Interest

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,078 shares, a decline of 99.5% from the September 30th total of 206,763 shares. Based on an average daily volume of 913,257 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

ALPS | Smith Core Plus Bond ETF Price Performance

SMTH stock traded up $0.02 during mid-day trading on Monday, reaching $24.83. 412,021 shares of the stock traded hands, compared to its average volume of 547,227. The stock’s fifty day moving average is $24.94 and its 200-day moving average is $25.59. ALPS | Smith Core Plus Bond ETF has a 52-week low of $24.34 and a 52-week high of $26.40.

Institutional Trading of ALPS | Smith Core Plus Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF during the 1st quarter valued at about $54,000. Integrated Wealth Concepts LLC acquired a new position in ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $55,000. Fifth Third Bancorp acquired a new position in shares of ALPS | Smith Core Plus Bond ETF during the 1st quarter worth about $193,000. Quantinno Capital Management LP bought a new position in ALPS | Smith Core Plus Bond ETF in the 1st quarter worth approximately $207,000. Finally, Wedbush Securities Inc. bought a new position in ALPS | Smith Core Plus Bond ETF in the 2nd quarter worth approximately $529,000.

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.