Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 51,773 shares, a growth of 65.4% from the August 15th total of 31,305 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is presently 4.0 days.
Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF
Several institutional investors have recently modified their holdings of SMCO. Fifth Third Bancorp bought a new stake in shares of Hilton Small-MidCap Opportunity ETF during the 1st quarter valued at $55,000. Crumly & Associates Inc. boosted its position in shares of Hilton Small-MidCap Opportunity ETF by 2.6% in the 2nd quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock worth $14,307,000 after purchasing an additional 11,716 shares during the last quarter. ZEGA Investments LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the 2nd quarter worth $406,000. Fulton Bank N.A. grew its stake in shares of Hilton Small-MidCap Opportunity ETF by 10.7% during the first quarter. Fulton Bank N.A. now owns 147,832 shares of the company’s stock worth $4,018,000 after purchasing an additional 14,329 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Hilton Small-MidCap Opportunity ETF during the first quarter worth $2,121,000.
Hilton Small-MidCap Opportunity ETF Price Performance
Shares of Hilton Small-MidCap Opportunity ETF stock opened at $28.01 on Thursday. The firm has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $29.25. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two week high of $31.17. The firm has a market cap of $140.02 million, a P/E ratio of 24.86 and a beta of 1.11.
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.
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