Short Interest in Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Increases By 2,528.3%

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 50,858 shares, an increase of 2,528.3% from the April 15th total of 1,935 shares. Based on an average trading volume of 21,901 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.9% of the company’s stock are short sold.

Zacks Small/Mid Cap Core Portfolio ETF Price Performance

Shares of SMIZ opened at $42.27 on Tuesday. The business’s 50-day moving average is $39.07 and its 200-day moving average is $38.46. The company has a market capitalization of $246.01 million, a price-to-earnings ratio of 20.70 and a beta of 1.19. Zacks Small/Mid Cap Core Portfolio ETF has a fifty-two week low of $32.06 and a fifty-two week high of $42.82.

Institutional Investors Weigh In On Zacks Small/Mid Cap Core Portfolio ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC acquired a new stake in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter valued at $1,529,000. Rossby Financial LCC increased its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% in the fourth quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after acquiring an additional 3,006 shares during the last quarter. Wayfinding Financial LLC raised its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% during the fourth quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after acquiring an additional 1,912 shares in the last quarter. Alteri Wealth LLC raised its holdings in shares of Zacks Small/Mid Cap Core Portfolio ETF by 6.5% during the fourth quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock worth $1,440,000 after acquiring an additional 2,370 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in Zacks Small/Mid Cap Core Portfolio ETF during the fourth quarter valued at $26,000.

About Zacks Small/Mid Cap Core Portfolio ETF

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.