ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Large Increase in Short Interest

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 6,609,351 shares, an increase of 2,020.9% from the August 31st total of 311,634 shares. Based on an average trading volume of 2,994,388 shares, the days-to-cover ratio is presently 2.2 days. Approximately 5.6% of the shares of the stock are short sold.

Institutional Trading of ALPS | Smith Core Plus Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hamilton Wealth LLC boosted its stake in shares of ALPS | Smith Core Plus Bond ETF by 5.2% during the 4th quarter. Hamilton Wealth LLC now owns 1,337,496 shares of the company’s stock worth $34,869,000 after acquiring an additional 65,735 shares in the last quarter. Tenzing Financial LLC acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the 4th quarter worth $6,432,000. World Investment Advisors raised its position in shares of ALPS | Smith Core Plus Bond ETF by 10.4% during the first quarter. World Investment Advisors now owns 436,043 shares of the company’s stock worth $11,230,000 after purchasing an additional 41,222 shares during the period. Vise Technologies Inc. raised its position in shares of ALPS | Smith Core Plus Bond ETF by 110.2% during the fourth quarter. Vise Technologies Inc. now owns 464,880 shares of the company’s stock worth $12,119,000 after purchasing an additional 243,715 shares during the period. Finally, Annex Advisory Services LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 14.6% during the second quarter. Annex Advisory Services LLC now owns 9,237,012 shares of the company’s stock worth $237,761,000 after purchasing an additional 1,179,599 shares during the period.

ALPS | Smith Core Plus Bond ETF Price Performance

NYSEARCA SMTH traded down $0.02 on Friday, reaching $24.68. The company’s stock had a trading volume of 1,345,264 shares, compared to its average volume of 500,520. ALPS | Smith Core Plus Bond ETF has a twelve month low of $24.66 and a twelve month high of $26.47. The firm’s 50 day moving average is $25.27 and its two-hundred day moving average is $25.58.

About ALPS | Smith Core Plus Bond ETF

The ALPS/SMITH Core Plus Bond ETF (SMTH) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to global debt securities of any maturity and credit quality. The fund aims for an above-average total return. SMTH was launched on Dec 5, 2023 and is issued by SS&C.