Short Interest in Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Decreases By 47.2%

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 12,738 shares, a decline of 47.2% from the July 15th total of 24,144 shares. Based on an average daily volume of 33,331 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Zacks Small/Mid Cap Core Portfolio ETF Stock Performance

Shares of SMIZ stock traded up $0.25 on Friday, hitting $44.09. The stock had a trading volume of 12,746 shares, compared to its average volume of 32,872. The firm has a market capitalization of $284.38 million, a price-to-earnings ratio of 20.70 and a beta of 1.15. The stock’s 50 day moving average is $43.11 and its 200-day moving average is $40.96. Zacks Small/Mid Cap Core Portfolio ETF has a 52-week low of $34.97 and a 52-week high of $44.77.

Hedge Funds Weigh In On Zacks Small/Mid Cap Core Portfolio ETF

A number of institutional investors have recently added to or reduced their stakes in SMIZ. Strive Financial Group LLC purchased a new position in Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter valued at about $1,529,000. Strategic Blueprint LLC grew its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 8.8% during the fourth quarter. Strategic Blueprint LLC now owns 68,751 shares of the company’s stock valued at $2,543,000 after acquiring an additional 5,532 shares in the last quarter. Rossby Financial LCC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% during the fourth quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after acquiring an additional 3,006 shares during the last quarter. Alteri Wealth LLC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 6.5% during the fourth quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock worth $1,440,000 after acquiring an additional 2,370 shares during the last quarter. Finally, Wayfinding Financial LLC lifted its stake in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% in the fourth quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after acquiring an additional 1,912 shares in the last quarter.

Zacks Small/Mid Cap Core Portfolio ETF Company Profile

The Zacks Small/Mid Cap ETF (SMIZ) is an exchange-traded fund that mostly invests in extended market equity. The fund aims to generate positive risk-adjusted returns by investing in small- and mid-cap US stocks. The actively managed fund selects companies based on analyst agreement, magnitude, upside, and surprise. SMIZ was launched on Oct 3, 2023 and is issued by Zacks.