Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Large Growth in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCOGet Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 61,080 shares, a growth of 261.4% from the April 15th total of 16,902 shares. Based on an average daily trading volume, of 15,871 shares, the short-interest ratio is presently 3.8 days. Approximately 1.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in Hilton Small-MidCap Opportunity ETF in the first quarter worth about $55,000. Benjamin Edwards Inc. lifted its holdings in Hilton Small-MidCap Opportunity ETF by 28.2% in the third quarter. Benjamin Edwards Inc. now owns 22,371 shares of the company’s stock worth $603,000 after buying an additional 4,921 shares during the period. LPL Financial LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF in the fourth quarter worth about $862,000. Osaic Holdings Inc. lifted its holdings in 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 buying an additional 15,347 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF in the first quarter worth about $2,121,000.

Hilton Small-MidCap Opportunity ETF Stock Up 0.1%

NASDAQ:SMCO opened at $29.36 on Thursday. The firm’s fifty day simple moving average is $28.29 and its 200 day simple moving average is $27.93. The stock has a market cap of $127.72 million, a P/E ratio of 24.86 and a beta of 1.17. Hilton Small-MidCap Opportunity ETF has a twelve month low of $24.19 and a twelve month high of $31.17.

About Hilton Small-MidCap Opportunity ETF

(Get Free Report)

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.

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