Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Short Interest Update

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 19,388 shares, a drop of 62.6% from the August 31st total of 51,773 shares. Based on an average trading volume of 26,699 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in shares of Hilton Small-MidCap Opportunity ETF by 41.9% in the second quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after buying an additional 147,241 shares during the period. Fulton Bank N.A. increased its stake in Hilton Small-MidCap Opportunity ETF by 54.6% during the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after acquiring an additional 80,684 shares during the period. Janney Montgomery Scott LLC bought a new position in Hilton Small-MidCap Opportunity ETF during the 1st quarter worth $2,121,000. ZEGA Investments LLC acquired a new position in Hilton Small-MidCap Opportunity ETF in the 2nd quarter valued at $406,000. Finally, Crumly & Associates Inc. raised its holdings in Hilton Small-MidCap Opportunity ETF by 2.6% in the 2nd 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 in the last quarter.

Hilton Small-MidCap Opportunity ETF Price Performance

Hilton Small-MidCap Opportunity ETF stock traded up $0.03 during midday trading on Friday, hitting $27.73. The company’s stock had a trading volume of 21,968 shares, compared to its average volume of 22,478. Hilton Small-MidCap Opportunity ETF has a 1-year low of $25.45 and a 1-year high of $31.17. The company has a 50-day moving average price of $29.34 and a two-hundred day moving average price of $29.22. The company has a market cap of $134.49 million, a price-to-earnings ratio of 24.86 and a beta of 1.11.

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.