Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Short Interest Down 37.6% in June

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 33,596 shares, a decrease of 37.6% from the May 31st total of 53,847 shares. Based on an average daily trading volume, of 15,171 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the company’s shares are short sold.

Hilton Small-MidCap Opportunity ETF Price Performance

NASDAQ SMCO traded down $0.41 on Thursday, reaching $30.12. The company had a trading volume of 13,913 shares, compared to its average volume of 25,113. The firm has a market cap of $140.06 million, a price-to-earnings ratio of 24.86 and a beta of 1.10. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two week high of $31.17. The business has a 50 day moving average of $29.82 and a two-hundred day moving average of $28.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SMCO. Fifth Third Bancorp bought a new position in shares of Hilton Small-MidCap Opportunity ETF during the 1st quarter worth approximately $55,000. LPL Financial LLC acquired a new stake in Hilton Small-MidCap Opportunity ETF in the fourth quarter valued at approximately $862,000. Osaic Holdings Inc. increased its holdings in shares of Hilton Small-MidCap Opportunity ETF by 31.6% during the fourth quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock valued at $1,712,000 after acquiring an additional 15,347 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Hilton Small-MidCap Opportunity ETF during the first quarter worth approximately $2,121,000. Finally, Fulton Bank N.A. raised its position in shares of Hilton Small-MidCap Opportunity ETF by 24.7% during the fourth quarter. Fulton Bank N.A. now owns 133,503 shares of the company’s stock worth $3,578,000 after purchasing an additional 26,427 shares during the period.

About Hilton Small-MidCap Opportunity ETF

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.