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

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 33,596 shares, a decline of 37.6% from the May 31st total of 53,847 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 15,171 shares, the days-to-cover ratio is presently 2.2 days.

Hilton Small-MidCap Opportunity ETF Stock Performance

NASDAQ SMCO opened at $30.29 on Friday. The firm has a market capitalization of $140.85 million, a PE ratio of 24.86 and a beta of 1.10. The business’s 50-day moving average price is $29.85 and its two-hundred day moving average price is $28.73. Hilton Small-MidCap Opportunity ETF has a 12 month low of $25.45 and a 12 month high of $31.17.

Institutional Trading of Hilton Small-MidCap Opportunity ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Hilton Capital Management LLC acquired a new stake in Hilton Small-MidCap Opportunity ETF during the 4th quarter valued at approximately $6,108,000. Janney Montgomery Scott LLC bought a new position in Hilton Small-MidCap Opportunity ETF during the 1st quarter worth approximately $2,121,000. &PARTNERS lifted its position in shares of Hilton Small-MidCap Opportunity ETF by 27.7% in the 4th quarter. &PARTNERS now owns 188,877 shares of the company’s stock worth $5,062,000 after purchasing an additional 40,957 shares during the period. LPL Financial LLC acquired a new position in shares of Hilton Small-MidCap Opportunity ETF in the 4th quarter worth approximately $862,000. Finally, Fulton Bank N.A. lifted its position in shares of Hilton Small-MidCap Opportunity ETF by 24.7% in the 4th quarter. Fulton Bank N.A. now owns 133,503 shares of the company’s stock worth $3,578,000 after purchasing an additional 26,427 shares during the period.

About Hilton Small-MidCap Opportunity ETF

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.