Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) Sees Large Decline in Short Interest

Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 332 shares, a decline of 97.1% from the October 15th total of 11,595 shares. Based on an average daily trading volume, of 6,157 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Distillate Small/Mid Cash Flow ETF

An institutional investor recently raised its position in Distillate Small/Mid Cash Flow ETF stock. Madison Asset Management LLC lifted its stake in shares of Distillate Small/Mid Cash Flow ETF (NYSE:DSMC) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,066 shares of the company’s stock after purchasing an additional 1,566 shares during the quarter. Madison Asset Management LLC owned 1.94% of Distillate Small/Mid Cash Flow ETF worth $2,323,000 as of its most recent SEC filing.

Distillate Small/Mid Cash Flow ETF Stock Performance

Shares of DSMC stock traded up $0.01 during trading on Thursday, hitting $45.15. The company had a trading volume of 2,234 shares, compared to its average volume of 7,565. The firm has a market capitalization of $148.98 million, a P/E ratio of 12.35 and a beta of 0.94. The stock’s 50-day moving average price is $43.63 and its 200 day moving average price is $40.76. Distillate Small/Mid Cash Flow ETF has a one year low of $32.94 and a one year high of $46.07.

Distillate Small/Mid Cash Flow ETF Company Profile

The Distillate Small\u002FMid Cash Flow ETF (DSMC) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed portfolio of US mid- and small-cap stocks selected based on free cash flow yield. DSMC was launched on Oct 5, 2022 and is managed by Distillate.