Short Interest in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Rises By 261.4%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 61,080 shares, a growth of 261.4% from the April 15th total of 16,902 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 15,871 shares, the days-to-cover ratio is currently 3.8 days.

Hilton Small-MidCap Opportunity ETF Stock Down 1.2%

NASDAQ:SMCO traded down $0.36 on Friday, hitting $29.19. The stock had a trading volume of 4,967 shares, compared to its average volume of 28,979. The stock has a market cap of $126.98 million, a price-to-earnings ratio of 24.86 and a beta of 1.17. The company has a fifty day moving average price of $28.32 and a two-hundred day moving average price of $27.95. Hilton Small-MidCap Opportunity ETF has a 1-year low of $24.19 and a 1-year high of $31.17.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Hilton Small-MidCap Opportunity ETF in the 1st quarter valued at about $55,000. Benjamin Edwards Inc. boosted its holdings in Hilton Small-MidCap Opportunity ETF by 28.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 22,371 shares of the company’s stock valued at $603,000 after purchasing an additional 4,921 shares during the last quarter. LPL Financial LLC acquired a new position in Hilton Small-MidCap Opportunity ETF in the 4th quarter valued at about $862,000. Osaic Holdings Inc. boosted its holdings in Hilton Small-MidCap Opportunity ETF by 31.6% in the 4th quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock valued at $1,712,000 after purchasing an additional 15,347 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Hilton Small-MidCap Opportunity ETF in the 1st quarter valued at about $2,121,000.

Hilton Small-MidCap Opportunity ETF Company Profile

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.