Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Large Drop in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 19,388 shares, a decline of 62.6% from the August 31st total of 51,773 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 26,699 shares, the short-interest ratio is presently 0.7 days.

Hilton Small-MidCap Opportunity ETF Price Performance

Hilton Small-MidCap Opportunity ETF stock traded up $0.03 during trading hours on Friday, hitting $27.73. The company had a trading volume of 21,968 shares, compared to its average volume of 22,478. The firm has a market cap of $134.49 million, a PE ratio of 24.86 and a beta of 1.11. Hilton Small-MidCap Opportunity ETF has a one year low of $25.45 and a one year high of $31.17. The firm has a 50-day moving average of $29.34 and a 200 day moving average of $29.22.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Hilton Small-MidCap Opportunity ETF by 41.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock worth $15,467,000 after purchasing an additional 147,241 shares during the last quarter. Crumly & Associates Inc. grew its holdings in 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 valued at $14,307,000 after buying an additional 11,716 shares in the last quarter. Fulton Bank N.A. increased its position in Hilton Small-MidCap Opportunity ETF by 54.6% during the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after buying an additional 80,684 shares during the period. Janney Montgomery Scott LLC bought a new position in Hilton Small-MidCap Opportunity ETF during the 1st quarter worth $2,121,000. Finally, ZEGA Investments LLC acquired a new stake in shares of Hilton Small-MidCap Opportunity ETF during the second quarter worth $406,000.

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.