Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Sees Significant Decrease in Short Interest

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 12,600 shares, a drop of 31.1% from the September 15th total of 18,300 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Westside Investment Management Inc. increased its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 66.5% during the first quarter. Westside Investment Management Inc. now owns 3,256 shares of the company’s stock valued at $99,000 after purchasing an additional 1,301 shares during the period. Rossby Financial LCC acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the first quarter valued at $227,000. Alteri Wealth LLC acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the first quarter valued at $297,000. Carter Financial Group INC. acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the second quarter valued at $555,000. Finally, Strategic Blueprint LLC increased its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 12.6% during the third quarter. Strategic Blueprint LLC now owns 63,219 shares of the company’s stock valued at $2,361,000 after purchasing an additional 7,052 shares during the period.

Zacks Small/Mid Cap Core Portfolio ETF Stock Performance

Shares of SMIZ opened at $37.99 on Friday. The firm has a market capitalization of $153.10 million, a price-to-earnings ratio of 20.70 and a beta of 1.19. Zacks Small/Mid Cap Core Portfolio ETF has a one year low of $26.33 and a one year high of $38.23. The stock’s fifty day moving average is $36.92 and its 200-day moving average is $34.15.

Zacks Small/Mid Cap Core Portfolio ETF Company Profile

The Zacks Small/Mid Cap ETF (SMIZ) is an exchange-traded fund that mostly invests in extended market equity. The fund aims to generate positive risk-adjusted returns by investing in small- and mid-cap US stocks. The actively managed fund selects companies based on analyst agreement, magnitude, upside, and surprise.