Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Update

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 12,738 shares, a drop of 47.2% from the July 15th total of 24,144 shares. Based on an average daily trading volume, of 33,331 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new stake in Zacks Small/Mid Cap Core Portfolio ETF in the fourth quarter worth approximately $26,000. CoreCap Advisors LLC lifted its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 12.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,050 shares of the company’s stock valued at $270,000 after buying an additional 656 shares during the period. Rossby Financial LCC lifted its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% during the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock valued at $386,000 after buying an additional 3,006 shares during the period. Alteri Wealth LLC boosted its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 6.5% in the 4th quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock worth $1,440,000 after buying an additional 2,370 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter worth $1,529,000.

Zacks Small/Mid Cap Core Portfolio ETF Trading Down 2.1%

NYSEARCA:SMIZ traded down $0.94 during mid-day trading on Tuesday, reaching $43.31. The company’s stock had a trading volume of 10,334 shares, compared to its average volume of 32,657. Zacks Small/Mid Cap Core Portfolio ETF has a 12-month low of $34.97 and a 12-month high of $44.77. The firm’s fifty day moving average price is $43.15 and its two-hundred day moving average price is $40.99. The stock has a market cap of $279.35 million, a P/E ratio of 20.70 and a beta of 1.15.

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.