Short Interest in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Decreases By 44.0%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 29,602 shares, a drop of 44.0% from the July 15th total of 52,883 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 18,948 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

A number of large investors have recently modified their holdings of the business. Crumly & Associates Inc. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 2.6% in the second quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock valued at $14,307,000 after acquiring an additional 11,716 shares during the last quarter. Fulton Bank N.A. boosted its position in Hilton Small-MidCap Opportunity ETF by 54.6% during the second quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock valued at $7,084,000 after purchasing an additional 80,684 shares during the last quarter. Hilton Capital Management LLC acquired a new position in Hilton Small-MidCap Opportunity ETF during the fourth quarter valued at approximately $6,108,000. &PARTNERS grew its stake in Hilton Small-MidCap Opportunity ETF by 27.7% in the fourth 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. Finally, Janney Montgomery Scott LLC bought a new position in Hilton Small-MidCap Opportunity ETF in the first quarter valued at approximately $2,121,000.

Hilton Small-MidCap Opportunity ETF Stock Down 1.6%

SMCO traded down $0.50 during trading hours on Tuesday, hitting $30.29. 11,823 shares of the company’s stock were exchanged, compared to its average volume of 23,117. The stock has a market cap of $145.39 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. Hilton Small-MidCap Opportunity ETF has a 1-year low of $25.45 and a 1-year high of $31.17. The stock’s 50-day moving average is $30.18 and its two-hundred day moving average is $29.23.

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.