Short Interest in Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Rises By 96.8%

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 25,023 shares, an increase of 96.8% from the May 14th total of 12,712 shares. Based on an average trading volume of 15,737 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMIZ. Cornerstone Planning Group LLC purchased a new position in Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter valued at about $26,000. CoreCap Advisors LLC lifted its stake in Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% in the 4th quarter. CoreCap Advisors LLC now owns 3,412 shares of the company’s stock valued at $126,000 after buying an additional 3,383 shares in the last quarter. Rossby Financial LCC lifted its stake in Zacks Small/Mid Cap Core Portfolio ETF by 40.5% in the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock valued at $386,000 after buying an additional 3,006 shares in the last quarter. Alteri Wealth LLC lifted its stake in Zacks Small/Mid Cap Core Portfolio ETF by 52.3% in the 3rd quarter. Alteri Wealth LLC now owns 36,565 shares of the company’s stock valued at $1,366,000 after buying an additional 12,554 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new position in Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter valued at about $1,529,000.

Zacks Small/Mid Cap Core Portfolio ETF Stock Up 1.1%

Shares of SMIZ stock traded up $0.47 during mid-day trading on Monday, hitting $43.73. 27,570 shares of the stock were exchanged, compared to its average volume of 34,346. The firm has a fifty day moving average of $41.45 and a 200 day moving average of $39.40. Zacks Small/Mid Cap Core Portfolio ETF has a 52-week low of $32.59 and a 52-week high of $44.05. The company has a market cap of $254.51 million, a PE ratio of 20.70 and a beta of 1.17.

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.