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

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

ALPS | Smith Core Plus Bond ETF Stock Performance

ALPS | Smith Core Plus Bond ETF stock traded down $0.12 during midday trading on Thursday, hitting $24.70. 364,165 shares of the company were exchanged, compared to its average volume of 503,044. ALPS | Smith Core Plus Bond ETF has a fifty-two week low of $24.70 and a fifty-two week high of $26.47. The company’s fifty day moving average price is $25.29 and its 200-day moving average price is $25.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Trilogy Capital Inc. boosted its stake in shares of ALPS | Smith Core Plus Bond ETF by 115.3% in the second quarter. Trilogy Capital Inc. now owns 4,184,387 shares of the company’s stock valued at $107,706,000 after purchasing an additional 2,241,175 shares during the period. Hamilton Wealth LLC increased its stake in ALPS | Smith Core Plus Bond ETF by 98.4% during the 1st quarter. Hamilton Wealth LLC now owns 2,653,258 shares of the company’s stock worth $68,335,000 after buying an additional 1,315,762 shares during the period. Annex Advisory Services LLC lifted its holdings in ALPS | Smith Core Plus Bond ETF by 14.6% in the 2nd quarter. Annex Advisory Services LLC now owns 9,237,012 shares of the company’s stock worth $237,761,000 after buying an additional 1,179,599 shares in the last quarter. Tenzing Financial LLC acquired a new position in ALPS | Smith Core Plus Bond ETF in the 4th quarter worth $6,432,000. Finally, Vise Technologies Inc. boosted its position in ALPS | Smith Core Plus Bond ETF by 110.2% in the 4th quarter. Vise Technologies Inc. now owns 464,880 shares of the company’s stock valued at $12,119,000 after buying an additional 243,715 shares during the last quarter.

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.