ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Stock Short Interest Rises 309,157.5%

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 3,333,796 shares, an increase of 309,157.5% from the October 15th total of 1,078 shares. Based on an average daily trading volume, of 927,594 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.2% of the shares of the stock are sold short.

ALPS | Smith Core Plus Bond ETF Stock Down 0.7%

NYSEARCA:SMTH opened at $24.94 on Wednesday. ALPS | Smith Core Plus Bond ETF has a 52-week low of $24.34 and a 52-week high of $26.36. The stock has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $25.53.

Hedge Funds Weigh In On ALPS | Smith Core Plus Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. purchased a new stake in shares of ALPS | Smith Core Plus Bond ETF in the first quarter valued at about $54,000. Integrated Wealth Concepts LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF during the 2nd quarter worth approximately $55,000. IAG Wealth Partners LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF during the 3rd quarter worth approximately $63,000. Fifth Third Bancorp purchased a new position in shares of ALPS | Smith Core Plus Bond ETF during the 1st quarter worth approximately $193,000. Finally, Quantinno Capital Management LP acquired a new position in shares of ALPS | Smith Core Plus Bond ETF during the 1st quarter worth approximately $207,000.

ALPS | Smith Core Plus Bond ETF Company Profile

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.