Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Update

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 12,738 shares, a decrease of 47.2% from the July 15th total of 24,144 shares. Based on an average trading volume of 33,331 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Zacks Small/Mid Cap Core Portfolio ETF Stock Up 0.6%

Shares of SMIZ stock traded up $0.25 during mid-day trading on Friday, reaching $44.09. The company’s stock had a trading volume of 12,746 shares, compared to its average volume of 32,872. The company’s 50 day simple moving average is $43.11 and its 200-day simple moving average is $40.96. Zacks Small/Mid Cap Core Portfolio ETF has a 12-month low of $34.97 and a 12-month high of $44.77. The firm has a market capitalization of $284.38 million, a PE ratio of 20.70 and a beta of 1.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC boosted its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% in the fourth quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after buying an additional 1,912 shares during the period. CoreCap Advisors LLC lifted its position in Zacks Small/Mid Cap Core Portfolio ETF by 12.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,050 shares of the company’s stock worth $270,000 after acquiring an additional 656 shares in the last quarter. Strive Financial Group LLC acquired a new position in Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter worth approximately $1,529,000. Rossby Financial LCC boosted its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 40.5% in the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after acquiring an additional 3,006 shares during the period. Finally, Alteri Wealth LLC boosted its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 6.5% in the 4th quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock worth $1,440,000 after acquiring an additional 2,370 shares during the period.

Zacks Small/Mid Cap Core Portfolio ETF Company Profile

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.