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

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 12,712 shares, a decrease of 75.0% from the April 30th total of 50,858 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,143 shares, the short-interest ratio is presently 0.8 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMIZ. Cornerstone Planning Group LLC acquired a new stake in shares of Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter worth approximately $26,000. Wayfinding Financial LLC grew its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% in the 4th quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after acquiring an additional 1,912 shares during the period. Alteri Wealth LLC grew its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 6.5% in the 4th quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock worth $1,440,000 after acquiring an additional 2,370 shares during the period. Rossby Financial LCC grew its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% in the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after acquiring an additional 3,006 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% in 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 during the period.

Zacks Small/Mid Cap Core Portfolio ETF Stock Up 0.1%

SMIZ traded up $0.05 on Friday, hitting $42.65. 27,605 shares of the company traded hands, compared to its average volume of 33,173. The company has a 50 day moving average of $40.07 and a 200-day moving average of $38.88. The stock has a market capitalization of $248.22 million, a PE ratio of 20.70 and a beta of 1.19. Zacks Small/Mid Cap Core Portfolio ETF has a 12-month low of $32.29 and a 12-month high of $42.82.

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