Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Up 96.8% in May

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 25,023 shares, a growth of 96.8% from the May 14th total of 12,712 shares. Based on an average daily trading volume, of 15,737 shares, the short-interest ratio is presently 1.6 days. Approximately 0.4% of the shares of the company are short sold.

Zacks Small/Mid Cap Core Portfolio ETF Price Performance

Shares of NYSEARCA SMIZ traded up $0.46 during trading on Friday, reaching $43.26. 14,534 shares of the stock traded hands, compared to its average volume of 34,407. Zacks Small/Mid Cap Core Portfolio ETF has a 52-week low of $32.52 and a 52-week high of $43.46. The company has a 50-day moving average of $41.32 and a 200-day moving average of $39.35. The stock has a market capitalization of $251.77 million, a P/E ratio of 20.70 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMIZ. Cornerstone Planning Group LLC bought a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter valued at about $26,000. CoreCap Advisors LLC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 11,665.5% during the 4th quarter. CoreCap Advisors LLC now owns 3,412 shares of the company’s stock valued at $126,000 after purchasing an additional 3,383 shares during the last quarter. Rossby Financial LCC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% during the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock valued at $386,000 after purchasing an additional 3,006 shares during the last quarter. Alteri Wealth LLC increased its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 52.3% during the 3rd quarter. Alteri Wealth LLC now owns 36,565 shares of the company’s stock valued at $1,366,000 after purchasing an additional 12,554 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter valued at about $1,529,000.

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.