Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Stock Short Interest Declines 62.6%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 19,388 shares, a decrease of 62.6% from the August 31st total of 51,773 shares. Based on an average daily volume of 26,699 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of Hilton Small-MidCap Opportunity ETF by 41.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after purchasing an additional 147,241 shares during the last quarter. Fulton Bank N.A. lifted its stake in Hilton Small-MidCap Opportunity ETF by 54.6% in the second quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after purchasing an additional 80,684 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF during the first quarter valued at about $2,121,000. ZEGA Investments LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF during the second quarter valued at about $406,000. Finally, Crumly & Associates Inc. grew its stake in shares of Hilton Small-MidCap Opportunity ETF by 2.6% during the second quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock valued at $14,307,000 after buying an additional 11,716 shares during the last quarter.

Hilton Small-MidCap Opportunity ETF Stock Down 0.4%

Shares of NASDAQ SMCO traded down $0.10 during trading hours on Monday, reaching $27.61. 42,055 shares of the stock traded hands, compared to its average volume of 22,566. The company’s 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $29.23. The company has a market capitalization of $133.91 million, a P/E ratio of 24.86 and a beta of 1.11. Hilton Small-MidCap Opportunity ETF has a 52-week low of $25.45 and a 52-week high of $31.17.

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.