Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Short Interest Up 65.4% in August

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 51,773 shares, an increase of 65.4% from the August 15th total of 31,305 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is currently 4.0 days.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in Hilton Small-MidCap Opportunity ETF during the 1st quarter worth $55,000. ZEGA Investments LLC bought a new position in Hilton Small-MidCap Opportunity ETF during the second quarter worth about $406,000. Janney Montgomery Scott LLC acquired a new position in Hilton Small-MidCap Opportunity ETF in the first quarter valued at about $2,121,000. Fulton Bank N.A. increased its holdings in shares of Hilton Small-MidCap Opportunity ETF by 10.7% in the first quarter. Fulton Bank N.A. now owns 147,832 shares of the company’s stock worth $4,018,000 after acquiring an additional 14,329 shares in the last quarter. Finally, Crumly & Associates Inc. increased its holdings in shares of Hilton Small-MidCap Opportunity ETF by 2.6% in 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 in the last quarter.

Hilton Small-MidCap Opportunity ETF Price Performance

Hilton Small-MidCap Opportunity ETF stock opened at $28.01 on Thursday. The company’s 50 day simple moving average is $29.63 and its 200 day simple moving average is $29.25. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two week high of $31.17. The firm has a market capitalization of $140.02 million, a price-to-earnings ratio of 24.86 and a beta of 1.11.

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.