Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Up 96.8% in May

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 25,023 shares, a growth of 96.8% from the May 14th total of 12,712 shares. Based on an average daily trading volume, of 15,737 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Zacks Small/Mid Cap Core Portfolio ETF

Several institutional investors have recently made changes to their positions in the company. Alteri Wealth LLC lifted its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 52.3% in the 3rd quarter. Alteri Wealth LLC now owns 36,565 shares of the company’s stock valued at $1,366,000 after purchasing an additional 12,554 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF in the third quarter worth about $5,593,000. CoreCap Advisors LLC boosted its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% during the 4th quarter. CoreCap Advisors LLC now owns 3,412 shares of the company’s stock worth $126,000 after acquiring an additional 3,383 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 8.8% during the 4th quarter. Strategic Blueprint LLC now owns 68,751 shares of the company’s stock valued at $2,543,000 after acquiring an additional 5,532 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter valued at about $26,000.

Zacks Small/Mid Cap Core Portfolio ETF Stock Performance

Zacks Small/Mid Cap Core Portfolio ETF stock traded down $0.22 during midday trading on Tuesday, hitting $43.51. 16,637 shares of the company were exchanged, compared to its average volume of 34,190. The business has a fifty day simple moving average of $41.45 and a two-hundred day simple moving average of $39.40. The firm has a market capitalization of $253.23 million, a PE ratio of 20.70 and a beta of 1.17. Zacks Small/Mid Cap Core Portfolio ETF has a fifty-two week low of $32.59 and a fifty-two week high of $44.10.

About Zacks Small/Mid Cap Core Portfolio ETF

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. SMIZ was launched on Oct 3, 2023 and is issued by Zacks.