Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Large Drop in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 33,596 shares, a decrease of 37.6% from the May 31st total of 53,847 shares. Based on an average daily trading volume, of 15,171 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SMCO. Fifth Third Bancorp bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter worth approximately $55,000. Fulton Bank N.A. raised its holdings in Hilton Small-MidCap Opportunity ETF by 10.7% in the 1st quarter. Fulton Bank N.A. now owns 147,832 shares of the company’s stock worth $4,018,000 after purchasing an additional 14,329 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter worth about $2,121,000. Osaic Holdings Inc. lifted its position in shares of 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 worth $1,712,000 after purchasing an additional 15,347 shares during the period. Finally, &PARTNERS boosted its stake in shares of Hilton Small-MidCap Opportunity ETF by 27.7% during the 4th quarter. &PARTNERS now owns 188,877 shares of the company’s stock valued at $5,062,000 after purchasing an additional 40,957 shares in the last quarter.

Hilton Small-MidCap Opportunity ETF Stock Performance

SMCO stock traded down $0.41 during trading on Thursday, hitting $30.12. 13,913 shares of the company traded hands, compared to its average volume of 25,113. Hilton Small-MidCap Opportunity ETF has a 1 year low of $25.45 and a 1 year high of $31.17. The company has a 50-day moving average of $29.82 and a 200-day moving average of $28.70. The firm has a market capitalization of $140.06 million, a PE ratio of 24.86 and a beta of 1.10.

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.