ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Shares Shorted: Short Interest Up 2,020.9% in September

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,609,351 shares, an increase of 2,020.9% from the August 31st total of 311,634 shares. Currently, 5.6% of the shares of the stock are short sold. Based on an average daily volume of 2,994,388 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMTH. Hamilton Wealth LLC lifted its holdings in shares of ALPS | Smith Core Plus Bond ETF by 5.2% in the fourth quarter. Hamilton Wealth LLC now owns 1,337,496 shares of the company’s stock worth $34,869,000 after buying an additional 65,735 shares in the last quarter. Tenzing Financial LLC purchased a new position in ALPS | Smith Core Plus Bond ETF during the fourth quarter valued at $6,432,000. World Investment Advisors grew its stake in ALPS | Smith Core Plus Bond ETF by 10.4% during the first quarter. World Investment Advisors now owns 436,043 shares of the company’s stock valued at $11,230,000 after acquiring an additional 41,222 shares in the last quarter. Vise Technologies Inc. increased its holdings in ALPS | Smith Core Plus Bond ETF by 110.2% in the 4th quarter. Vise Technologies Inc. now owns 464,880 shares of the company’s stock valued at $12,119,000 after acquiring an additional 243,715 shares during the last quarter. Finally, Annex Advisory Services LLC increased its holdings in ALPS | Smith Core Plus Bond ETF by 14.6% in the 2nd quarter. Annex Advisory Services LLC now owns 9,237,012 shares of the company’s stock valued at $237,761,000 after acquiring an additional 1,179,599 shares during the last quarter.

ALPS | Smith Core Plus Bond ETF Stock Up 0.2%

Shares of ALPS | Smith Core Plus Bond ETF stock opened at $24.75 on Friday. The company has a fifty day moving average of $25.25 and a 200 day moving average of $25.58. ALPS | Smith Core Plus Bond ETF has a fifty-two week low of $24.66 and a fifty-two week high of $26.47.

ALPS | Smith Core Plus Bond ETF Company Profile

The ALPS/SMITH Core Plus Bond ETF (SMTH) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to global debt securities of any maturity and credit quality. The fund aims for an above-average total return. SMTH was launched on Dec 5, 2023 and is issued by SS&C.