Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Large Drop in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,101 shares, a decrease of 34.1% from the September 30th total of 4,707 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,466 shares, the days-to-cover ratio is currently 0.3 days.

Hilton Small-MidCap Opportunity ETF Price Performance

Hilton Small-MidCap Opportunity ETF stock traded up $0.18 during midday trading on Tuesday, reaching $28.60. The company’s stock had a trading volume of 3,694 shares, compared to its average volume of 23,033. Hilton Small-MidCap Opportunity ETF has a 52-week low of $25.45 and a 52-week high of $31.17. The stock has a market capitalization of $148.17 million, a P/E ratio of 23.52 and a beta of 1.11. The stock’s 50-day simple moving average is $28.24 and its 200-day simple moving average is $28.97.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the first quarter worth $55,000. ZEGA Investments LLC acquired a new stake in Hilton Small-MidCap Opportunity ETF in the 2nd quarter valued at $406,000. Janney Montgomery Scott LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF in the 1st quarter worth $2,121,000. Fulton Bank N.A. increased its holdings in Hilton Small-MidCap Opportunity ETF by 54.6% in 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 in the last quarter. Finally, Crumly & Associates Inc. raised its position in Hilton Small-MidCap Opportunity ETF by 2.6% during the second quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock worth $14,307,000 after acquiring an additional 11,716 shares during the period.

Hilton Small-MidCap Opportunity ETF Company Profile

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.