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

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 321,631 shares, a growth of 98.6% from the April 15th total of 161,972 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 314,005 shares, the days-to-cover ratio is presently 1.0 days.

ALPS | Smith Core Plus Bond ETF Stock Down 0.6%

Shares of NYSEARCA:SMTH traded down $0.15 during midday trading on Friday, reaching $25.57. The company’s stock had a trading volume of 484,851 shares, compared to its average volume of 312,441. The firm has a 50 day moving average price of $25.83 and a two-hundred day moving average price of $26.04. ALPS | Smith Core Plus Bond ETF has a fifty-two week low of $25.23 and a fifty-two week high of $26.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SMTH. JPMorgan Chase & Co. lifted its stake in shares of ALPS | Smith Core Plus Bond ETF by 42.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,559 shares of the company’s stock valued at $299,000 after purchasing an additional 3,452 shares during the period. Main Street Financial Solutions LLC acquired a new position in ALPS | Smith Core Plus Bond ETF during the 2nd quarter worth approximately $1,889,000. Raymond James Financial Inc. raised its stake in ALPS | Smith Core Plus Bond ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 125,478 shares of the company’s stock worth $3,244,000 after buying an additional 19,407 shares during the period. Osaic Holdings Inc. raised its stake in ALPS | Smith Core Plus Bond ETF by 64.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,528 shares of the company’s stock worth $195,000 after buying an additional 2,961 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in ALPS | Smith Core Plus Bond ETF by 12.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 49,333,372 shares of the company’s stock worth $1,291,548,000 after buying an additional 5,635,337 shares during the period.

About ALPS | Smith Core Plus Bond ETF

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.