Short Interest in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Declines By 44.0%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCOGet Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 29,602 shares, a decline of 44.0% from the July 15th total of 52,883 shares. Based on an average trading volume of 18,948 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

A number of institutional investors and hedge funds have recently modified their holdings of SMCO. Fifth Third Bancorp bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the first quarter worth $55,000. LPL Financial LLC bought a new position in Hilton Small-MidCap Opportunity ETF in the fourth quarter valued at about $862,000. Osaic Holdings Inc. lifted its holdings in Hilton Small-MidCap Opportunity ETF by 31.6% in the fourth quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock valued at $1,712,000 after acquiring an additional 15,347 shares during the period. Janney Montgomery Scott LLC purchased a new position in Hilton Small-MidCap Opportunity ETF in the first quarter worth about $2,121,000. Finally, Fulton Bank N.A. boosted its position in Hilton Small-MidCap Opportunity ETF by 10.7% in 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 last quarter.

Hilton Small-MidCap Opportunity ETF Stock Down 1.6%

Shares of Hilton Small-MidCap Opportunity ETF stock opened at $30.29 on Wednesday. Hilton Small-MidCap Opportunity ETF has a twelve month low of $25.45 and a twelve month high of $31.17. The company has a market cap of $145.39 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. The company’s 50 day moving average is $30.19 and its 200 day moving average is $29.25.

About Hilton Small-MidCap Opportunity ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Hilton Small-MidCap Opportunity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Small-MidCap Opportunity ETF and related companies with MarketBeat.com's FREE daily email newsletter.