Short Interest in Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Rises By 49.7%

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 11,388 shares, an increase of 49.7% from the February 26th total of 7,607 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 26,332 shares, the short-interest ratio is currently 0.4 days.

Zacks Small/Mid Cap Core Portfolio ETF Stock Down 1.1%

Shares of Zacks Small/Mid Cap Core Portfolio ETF stock traded down $0.40 on Friday, hitting $36.36. 37,106 shares of the company’s stock traded hands, compared to its average volume of 35,431. Zacks Small/Mid Cap Core Portfolio ETF has a 52-week low of $26.33 and a 52-week high of $40.32. The stock has a market cap of $173.80 million, a P/E ratio of 20.70 and a beta of 1.26. The firm’s 50-day moving average is $38.62 and its 200 day moving average is $37.87.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% in the 4th quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after purchasing an additional 1,912 shares during the last quarter. von Borstel & Associates Inc. bought a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the third quarter worth about $5,593,000. Strategic Blueprint LLC grew its stake in Zacks Small/Mid Cap Core Portfolio ETF by 8.8% in the fourth quarter. Strategic Blueprint LLC now owns 68,751 shares of the company’s stock worth $2,543,000 after purchasing an additional 5,532 shares in the last quarter. Strive Financial Group LLC acquired a new position in Zacks Small/Mid Cap Core Portfolio ETF in the fourth quarter worth about $1,529,000. Finally, Alteri Wealth LLC increased its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 6.5% in the fourth quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock valued at $1,440,000 after buying an additional 2,370 shares during the last quarter.

About Zacks Small/Mid Cap Core Portfolio ETF

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.