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

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 143,459 shares, a growth of 169.6% from the January 29th total of 53,202 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 246,411 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 246,411 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of ALPS | Smith Core Plus Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in ALPS | Smith Core Plus Bond ETF in the 3rd quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of ALPS | Smith Core Plus Bond ETF in the fourth quarter worth $77,000. MAI Capital Management bought a new position in shares of ALPS | Smith Core Plus Bond ETF in the third quarter worth $84,000. GPS Wealth Strategies Group LLC grew its position in shares of ALPS | Smith Core Plus Bond ETF by 418.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,370 shares of the company’s stock valued at $87,000 after purchasing an additional 2,720 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of ALPS | Smith Core Plus Bond ETF during the 3rd quarter valued at $161,000.

ALPS | Smith Core Plus Bond ETF Price Performance

NYSEARCA:SMTH traded up $0.04 on Friday, hitting $26.35. The company had a trading volume of 271,280 shares, compared to its average volume of 326,858. ALPS | Smith Core Plus Bond ETF has a 52 week low of $25.15 and a 52 week high of $26.47. The firm has a 50 day moving average of $26.13 and a two-hundred day moving average of $26.15.

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 issued a dividend of $0.0848 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) annualized dividend and a yield of 3.9%.

ALPS | Smith Core Plus Bond ETF Company Profile

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.