Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Up 96.8% in May

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 25,023 shares, an increase of 96.8% from the May 14th total of 12,712 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 15,737 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Zacks Small/Mid Cap Core Portfolio ETF

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new stake in Zacks Small/Mid Cap Core Portfolio ETF in the fourth quarter worth approximately $26,000. CoreCap Advisors LLC increased its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% in the fourth quarter. CoreCap Advisors LLC now owns 3,412 shares of the company’s stock worth $126,000 after purchasing an additional 3,383 shares in the last quarter. Rossby Financial LCC increased its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 40.5% in 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 in the last quarter. Alteri Wealth LLC increased its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 52.3% in the third quarter. Alteri Wealth LLC now owns 36,565 shares of the company’s stock worth $1,366,000 after purchasing an additional 12,554 shares in the last quarter. Finally, Strive Financial Group LLC bought a new stake in Zacks Small/Mid Cap Core Portfolio ETF in the fourth quarter worth approximately $1,529,000.

Zacks Small/Mid Cap Core Portfolio ETF Price Performance

Shares of Zacks Small/Mid Cap Core Portfolio ETF stock traded up $0.46 during midday trading on Friday, reaching $43.26. The company had a trading volume of 14,534 shares, compared to its average volume of 34,407. The stock has a fifty day moving average price of $41.32 and a 200 day moving average price of $39.35. The firm has a market cap of $251.77 million, a PE ratio of 20.70 and a beta of 1.17. Zacks Small/Mid Cap Core Portfolio ETF has a fifty-two week low of $32.52 and a fifty-two week high of $43.46.

Zacks Small/Mid Cap Core Portfolio ETF Company Profile

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.