Short Interest in SMART Mid Cap ETF (NYSEARCA:SMCP) Declines By 98.1%

SMART Mid Cap ETF (NYSEARCA:SMCP) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 780 shares, a decrease of 98.1% from the August 15th total of 41,474 shares. Based on an average daily trading volume, of 1,110 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

SMART Mid Cap ETF Stock Performance

SMCP traded down $0.31 during mid-day trading on Thursday, reaching $27.20. The stock had a trading volume of 758 shares, compared to its average volume of 4,646. The firm’s fifty day simple moving average is $25.82 and its two-hundred day simple moving average is $28.05. The stock has a market capitalization of $4.90 million, a P/E ratio of 13.61 and a beta of 1.49. SMART Mid Cap ETF has a 52 week low of $23.29 and a 52 week high of $28.09.

About SMART Mid Cap ETF

The AlphaMark Actively Managed Small Cap ETF (SMCP) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively-managed portfolio of ETFs that holds small-cap stocks. SMCP was launched on Apr 21, 2015 and is issued by AlphaMark.