Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) Sees Large Decrease in Short Interest

Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,551 shares, a decline of 74.2% from the August 31st total of 6,010 shares. Based on an average daily volume of 8,911 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Distillate Small/Mid Cash Flow ETF Price Performance

DSMC stock traded up $0.18 during midday trading on Friday, hitting $42.28. The stock had a trading volume of 5,807 shares, compared to its average volume of 7,922. The business has a 50-day moving average of $43.32 and a two-hundred day moving average of $40.59. The firm has a market cap of $139.51 million, a price-to-earnings ratio of 11.45 and a beta of 0.96. Distillate Small/Mid Cash Flow ETF has a 52-week low of $32.94 and a 52-week high of $44.49.

Hedge Funds Weigh In On Distillate Small/Mid Cash Flow ETF

A hedge fund recently raised its position in Distillate Small/Mid Cash Flow ETF stock. Madison Asset Management LLC increased its position in Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,066 shares of the company’s stock after acquiring an additional 1,566 shares during the period. Madison Asset Management LLC owned about 1.94% of Distillate Small/Mid Cash Flow ETF worth $2,323,000 at the end of the most recent reporting period.

Distillate Small/Mid Cash Flow ETF Company Profile

The Distillate Small\u002FMid Cash Flow ETF (DSMC) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed portfolio of US mid- and small-cap stocks selected based on free cash flow yield. DSMC was launched on Oct 5, 2022 and is managed by Distillate.