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

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 14,615 shares, a drop of 37.2% from the January 15th total of 23,264 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 46,139 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 46,139 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter worth $26,000. CoreCap Advisors LLC increased its stake in 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 valued at $126,000 after purchasing an additional 3,383 shares in the last quarter. Rossby Financial LCC raised its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 40.5% during the fourth quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after purchasing an additional 3,006 shares during the last quarter. Carter Financial Group INC. acquired a new position in Zacks Small/Mid Cap Core Portfolio ETF during the second quarter worth $555,000. Finally, Alteri Wealth LLC grew its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 144.8% in the second quarter. Alteri Wealth LLC now owns 24,011 shares of the company’s stock valued at $814,000 after purchasing an additional 14,201 shares during the last quarter.

Zacks Small/Mid Cap Core Portfolio ETF Price Performance

Shares of SMIZ traded up $0.69 during midday trading on Friday, reaching $39.76. The stock had a trading volume of 5,162 shares, compared to its average volume of 38,795. Zacks Small/Mid Cap Core Portfolio ETF has a 1-year low of $26.33 and a 1-year high of $40.32. The company’s fifty day simple moving average is $38.49 and its two-hundred day simple moving average is $37.28. The company has a market cap of $190.05 million, a price-to-earnings ratio of 20.70 and a beta of 1.26.

Zacks Small/Mid Cap Core Portfolio ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were given a $0.2289 dividend. This represents a yield of 61.0%. The ex-dividend date was Monday, December 29th.

About Zacks Small/Mid Cap Core Portfolio ETF

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.