ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Update

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 156,258 shares, an increase of 82.7% from the March 15th total of 85,508 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 325,269 shares, the days-to-cover ratio is currently 0.5 days.

ALPS | Smith Core Plus Bond ETF Price Performance

ALPS | Smith Core Plus Bond ETF stock opened at $25.88 on Monday. The business’s fifty day moving average is $26.01 and its two-hundred day moving average is $26.11. ALPS | Smith Core Plus Bond ETF has a 52 week low of $25.15 and a 52 week high of $26.47.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Thursday, February 19th were paid a $0.0848 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On ALPS | Smith Core Plus Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SMTH. Wealth Enhancement Advisory Services LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 12.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 55,466,105 shares of the company’s stock worth $1,447,111,000 after purchasing an additional 6,132,733 shares in the last quarter. Trilogy Capital Inc. acquired a new position in ALPS | Smith Core Plus Bond ETF in the fourth quarter worth $42,274,000. Annex Advisory Services LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 27.9% in the fourth quarter. Annex Advisory Services LLC now owns 6,974,911 shares of the company’s stock worth $181,836,000 after purchasing an additional 1,520,265 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in ALPS | Smith Core Plus Bond ETF in the fourth quarter worth $21,696,000. Finally, Thrivent Financial for Lutherans boosted its stake in ALPS | Smith Core Plus Bond ETF by 81.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,259,837 shares of the company’s stock worth $32,887,000 after purchasing an additional 565,289 shares in the last quarter.

About ALPS | Smith Core Plus Bond ETF

The ALPS/SMITH Core Plus Bond ETF (SMTH) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to global debt securities of any maturity and credit quality. The fund aims for an above-average total return. SMTH was launched on Dec 5, 2023 and is issued by SS&C.