Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Significant Increase in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 19,927 shares, an increase of 542.6% from the October 15th total of 3,101 shares. Based on an average daily volume of 47,528 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SMCO. Fifth Third Bancorp purchased a new stake in shares of Hilton Small-MidCap Opportunity ETF in the 1st quarter valued at approximately $55,000. ZEGA Investments LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the second quarter worth about $406,000. Fulton Bank N.A. boosted its holdings in Hilton Small-MidCap Opportunity ETF by 54.6% in the 2nd quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock valued at $7,084,000 after purchasing an additional 80,684 shares during the period. Crumly & Associates Inc. lifted its position in Hilton Small-MidCap Opportunity ETF by 2.6% in the second quarter. Crumly & Associates Inc. now owns 461,501 shares of the company’s stock worth $14,307,000 after purchasing an additional 11,716 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Hilton Small-MidCap Opportunity ETF by 41.9% during the second quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after purchasing an additional 147,241 shares in the last quarter.

Hilton Small-MidCap Opportunity ETF Trading Down 0.2%

NASDAQ SMCO opened at $28.52 on Wednesday. Hilton Small-MidCap Opportunity ETF has a 52 week low of $25.45 and a 52 week high of $31.17. The stock has a market cap of $147.73 million, a P/E ratio of 23.52 and a beta of 1.10. The company’s fifty day simple moving average is $28.12 and its 200-day simple moving average is $28.96.

Hilton Small-MidCap Opportunity ETF Company Profile

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.