ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Down 45.9% in March

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 85,508 shares, a drop of 45.9% from the February 26th total of 157,961 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 294,073 shares, the days-to-cover ratio is presently 0.3 days.

ALPS | Smith Core Plus Bond ETF Price Performance

NYSEARCA:SMTH traded down $0.05 on Friday, reaching $25.54. The stock had a trading volume of 291,518 shares, compared to its average volume of 324,463. ALPS | Smith Core Plus Bond ETF has a 12-month low of $25.15 and a 12-month high of $26.47. The firm’s fifty day moving average is $26.06 and its two-hundred day moving average is $26.14.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Thursday, February 19th were issued a $0.0848 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Investors Weigh In On ALPS | Smith Core Plus Bond ETF

Several hedge funds have recently made changes to their positions in the business. Adapt Wealth Advisors LLC increased its position in ALPS | Smith Core Plus Bond ETF by 10.1% during the third quarter. Adapt Wealth Advisors LLC now owns 672,551 shares of the company’s stock worth $17,594,000 after purchasing an additional 61,529 shares during the last quarter. World Investment Advisors boosted its holdings in shares of ALPS | Smith Core Plus Bond ETF by 15.0% in the 3rd quarter. World Investment Advisors now owns 370,069 shares of the company’s stock valued at $9,681,000 after purchasing an additional 48,275 shares during the last quarter. Ethos Financial Group LLC grew its stake in shares of ALPS | Smith Core Plus Bond ETF by 12.8% during the 3rd quarter. Ethos Financial Group LLC now owns 261,715 shares of the company’s stock valued at $6,846,000 after buying an additional 29,763 shares during the period. Annex Advisory Services LLC increased its holdings in shares of ALPS | Smith Core Plus Bond ETF by 6.1% during the 3rd quarter. Annex Advisory Services LLC now owns 5,454,646 shares of the company’s stock worth $142,694,000 after buying an additional 311,278 shares during the last quarter. Finally, Old Port Advisors increased its holdings in shares of ALPS | Smith Core Plus Bond ETF by 15.6% during the 3rd quarter. Old Port Advisors now owns 299,928 shares of the company’s stock worth $7,846,000 after buying an additional 40,573 shares during 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.