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

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 19,927 shares, an increase of 542.6% from the October 15th total of 3,101 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 47,528 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF

Several institutional investors and hedge funds have recently bought and sold shares of SMCO. Envestnet Asset Management Inc. boosted its stake in Hilton Small-MidCap Opportunity ETF by 41.9% in the second quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after acquiring an additional 147,241 shares during the period. Fulton Bank N.A. raised its position in shares of Hilton Small-MidCap Opportunity ETF by 54.6% during the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after purchasing an additional 80,684 shares during the period. Crumly & Associates Inc. lifted its holdings in shares of Hilton Small-MidCap Opportunity ETF by 14.3% in the 3rd quarter. Crumly & Associates Inc. now owns 527,483 shares of the company’s stock worth $14,477,000 after purchasing an additional 65,982 shares during the last quarter. ZEGA Investments LLC bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 2nd quarter worth approximately $406,000. Finally, Fifth Third Bancorp bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter worth approximately $55,000.

Hilton Small-MidCap Opportunity ETF Stock Performance

Shares of Hilton Small-MidCap Opportunity ETF stock traded down $0.23 during trading on Friday, reaching $28.22. The company had a trading volume of 9,168 shares, compared to its average volume of 22,572. The firm’s fifty day moving average is $28.11 and its 200-day moving average is $28.96. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two week high of $31.17. The company has a market cap of $146.74 million, a price-to-earnings ratio of 23.52 and a beta of 1.10.

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.