ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Significant Decline in Short Interest

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 126,028 shares, a decline of 60.8% from the April 30th total of 321,631 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 361,363 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ALPS | Smith Core Plus Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of ALPS | Smith Core Plus Bond ETF by 12.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 55,466,105 shares of the company’s stock worth $1,447,111,000 after purchasing an additional 6,132,733 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of ALPS | Smith Core Plus Bond ETF by 27.9% in the 4th quarter. Annex Advisory Services LLC now owns 6,974,911 shares of the company’s stock worth $181,836,000 after purchasing an additional 1,520,265 shares during the last quarter. Stratos Investment Management LLC increased its position in shares of ALPS | Smith Core Plus Bond ETF by 1.7% in the 4th quarter. Stratos Investment Management LLC now owns 3,259,817 shares of the company’s stock worth $84,983,000 after purchasing an additional 53,803 shares during the last quarter. Hamilton Wealth LLC increased its position in shares of ALPS | Smith Core Plus Bond ETF by 98.4% in the 1st quarter. Hamilton Wealth LLC now owns 2,653,258 shares of the company’s stock worth $68,335,000 after purchasing an additional 1,315,762 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of ALPS | Smith Core Plus Bond ETF by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,208,173 shares of the company’s stock worth $56,871,000 after purchasing an additional 69,182 shares during the last quarter.

ALPS | Smith Core Plus Bond ETF Price Performance

SMTH opened at $25.75 on Friday. The company has a 50-day moving average of $25.76 and a 200-day moving average of $26.00. ALPS | Smith Core Plus Bond ETF has a 1-year low of $25.44 and a 1-year 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.