Short Interest in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Grows By 48.9%

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 163,375 shares, a growth of 48.9% from the December 31st total of 109,711 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 264,092 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 264,092 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

ALPS | Smith Core Plus Bond ETF Price Performance

NYSEARCA SMTH opened at $25.99 on Tuesday. ALPS | Smith Core Plus Bond ETF has a 12 month low of $25.15 and a 12 month high of $26.47. The stock has a 50 day moving average of $26.11 and a 200-day moving average of $26.10.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were paid a $0.0914 dividend. The ex-dividend date was Thursday, January 22nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMTH. Wealth Enhancement Advisory Services LLC lifted its position in shares of ALPS | Smith Core Plus Bond ETF by 12.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 55,466,105 shares of the company’s stock valued at $1,447,111,000 after buying an additional 6,132,733 shares during the last quarter. Trilogy Capital Inc. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF during the 4th quarter worth approximately $42,274,000. Annex Advisory Services LLC raised its stake in ALPS | Smith Core Plus Bond ETF by 27.9% in the 4th quarter. Annex Advisory Services LLC now owns 6,974,911 shares of the company’s stock valued at $181,836,000 after acquiring an additional 1,520,265 shares during the period. Level Four Advisory Services LLC bought a new stake in ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $32,872,000. Finally, Vise Technologies Inc. acquired a new stake in ALPS | Smith Core Plus Bond ETF during the 2nd quarter valued at $16,897,000.

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.