Short Interest in Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Decreases By 75.0%

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 12,712 shares, a drop of 75.0% from the April 30th total of 50,858 shares. Based on an average daily volume of 16,143 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Zacks Small/Mid Cap Core Portfolio ETF Stock Up 0.1%

Shares of NYSEARCA:SMIZ traded up $0.05 during trading on Friday, hitting $42.65. The stock had a trading volume of 27,605 shares, compared to its average volume of 33,173. Zacks Small/Mid Cap Core Portfolio ETF has a 12-month low of $32.29 and a 12-month high of $42.82. The stock has a market capitalization of $248.22 million, a price-to-earnings ratio of 20.70 and a beta of 1.19. The stock has a 50-day simple moving average of $40.18 and a two-hundred day simple moving average of $38.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. von Borstel & Associates Inc. purchased a new position in Zacks Small/Mid Cap Core Portfolio ETF during the third quarter valued at approximately $5,593,000. Strive Financial Group LLC purchased a new position in Zacks Small/Mid Cap Core Portfolio ETF during the fourth quarter valued at approximately $1,529,000. Alteri Wealth LLC raised its position in Zacks Small/Mid Cap Core Portfolio ETF by 52.3% during the third quarter. Alteri Wealth LLC now owns 36,565 shares of the company’s stock valued at $1,366,000 after acquiring an additional 12,554 shares in the last quarter. Strategic Blueprint LLC raised its position in Zacks Small/Mid Cap Core Portfolio ETF by 8.8% during the fourth quarter. Strategic Blueprint LLC now owns 68,751 shares of the company’s stock valued at $2,543,000 after acquiring an additional 5,532 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% during the fourth quarter. CoreCap Advisors LLC now owns 3,412 shares of the company’s stock valued at $126,000 after acquiring an additional 3,383 shares in the last quarter.

Zacks Small/Mid Cap Core Portfolio ETF Company Profile

The Zacks Small/Mid Cap ETF (SMIZ) is an exchange-traded fund that mostly invests in extended market equity. The fund aims to generate positive risk-adjusted returns by investing in small- and mid-cap US stocks. The actively managed fund selects companies based on analyst agreement, magnitude, upside, and surprise. SMIZ was launched on Oct 3, 2023 and is issued by Zacks.