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

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 271,309 shares, an increase of 185.6% from the June 15th total of 94,993 shares. Based on an average daily volume of 549,218 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On ALPS | Smith Core Plus Bond ETF

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in ALPS | Smith Core Plus Bond ETF by 42.6% during the second quarter. JPMorgan Chase & Co. now owns 11,559 shares of the company’s stock worth $299,000 after acquiring an additional 3,452 shares during the period. Main Street Financial Solutions LLC bought a new position in ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $1,889,000. Raymond James Financial Inc. grew its stake in ALPS | Smith Core Plus Bond ETF by 18.3% in the 2nd quarter. Raymond James Financial Inc. now owns 125,478 shares of the company’s stock valued at $3,244,000 after purchasing an additional 19,407 shares during the period. Osaic Holdings Inc. grew its stake in ALPS | Smith Core Plus Bond ETF by 64.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,528 shares of the company’s stock valued at $195,000 after purchasing an additional 2,961 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of ALPS | Smith Core Plus Bond ETF by 239.0% during the 3rd quarter. Citadel Advisors LLC now owns 180,660 shares of the company’s stock valued at $4,726,000 after purchasing an additional 127,367 shares during the last quarter.

ALPS | Smith Core Plus Bond ETF Trading Up 0.2%

SMTH stock traded up $0.05 during trading on Wednesday, reaching $25.59. The stock had a trading volume of 21,080 shares, compared to its average volume of 338,106. ALPS | Smith Core Plus Bond ETF has a one year low of $25.44 and a one year high of $26.47. The company’s 50 day moving average is $25.69 and its two-hundred day moving average is $25.90.

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.