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

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 29,602 shares, a decline 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 currently 1.6 days.

Hilton Small-MidCap Opportunity ETF Price Performance

Shares of SMCO stock traded down $0.01 during mid-day trading on Monday, hitting $30.89. The stock had a trading volume of 1,275 shares, compared to its average volume of 23,134. Hilton Small-MidCap Opportunity ETF has a 12-month low of $25.45 and a 12-month high of $31.17. The firm’s 50-day moving average is $30.15 and its two-hundred day moving average is $29.22. The firm has a market capitalization of $148.27 million, a P/E ratio of 24.86 and a beta of 1.12.

Institutional Trading of Hilton Small-MidCap Opportunity ETF

A number of hedge funds have recently added to or reduced their stakes in SMCO. Fifth Third Bancorp bought a new position in Hilton Small-MidCap Opportunity ETF during the 1st quarter worth about $55,000. LPL Financial LLC bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 4th quarter valued at about $862,000. Osaic Holdings Inc. lifted its position in shares of Hilton Small-MidCap Opportunity ETF by 31.6% in the 4th quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock worth $1,712,000 after purchasing an additional 15,347 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter worth approximately $2,121,000. Finally, Fulton Bank N.A. boosted its stake in shares of Hilton Small-MidCap Opportunity ETF by 10.7% during the first quarter. Fulton Bank N.A. now owns 147,832 shares of the company’s stock valued at $4,018,000 after purchasing an additional 14,329 shares in the last quarter.

About Hilton Small-MidCap Opportunity ETF

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.