Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Stock Short Interest Report for October

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 19,927 shares, a growth of 542.6% from the October 15th total of 3,101 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 47,528 shares, the days-to-cover ratio is currently 0.4 days.

Hilton Small-MidCap Opportunity ETF Trading Down 0.6%

Shares of SMCO stock traded down $0.18 during mid-day trading on Thursday, reaching $28.52. The stock had a trading volume of 6,154 shares, compared to its average volume of 22,550. Hilton Small-MidCap Opportunity ETF has a 1-year low of $25.45 and a 1-year high of $31.17. The business’s fifty day moving average is $28.12 and its 200-day moving average is $28.96. The firm has a market cap of $147.73 million, a price-to-earnings ratio of 23.52 and a beta of 1.10.

Institutional Trading of Hilton Small-MidCap Opportunity ETF

A number of hedge funds have recently modified their holdings of SMCO. Envestnet Asset Management Inc. lifted its holdings in Hilton Small-MidCap Opportunity ETF by 41.9% in the second quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after acquiring an additional 147,241 shares during the period. Crumly & Associates Inc. grew its stake in shares of Hilton Small-MidCap Opportunity ETF by 14.3% during the 3rd quarter. Crumly & Associates Inc. now owns 527,483 shares of the company’s stock worth $14,477,000 after purchasing an additional 65,982 shares during the period. Fulton Bank N.A. grew its stake in shares of Hilton Small-MidCap Opportunity ETF by 54.6% during the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after purchasing an additional 80,684 shares during the period. ZEGA Investments LLC purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the 2nd quarter valued at approximately $406,000. Finally, Fifth Third Bancorp purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the 1st quarter valued at approximately $55,000.

About Hilton Small-MidCap Opportunity ETF

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.