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

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 126,028 shares, a decrease of 60.8% from the April 30th total of 321,631 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 361,363 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of ALPS | Smith Core Plus Bond ETF in the first quarter worth about $2,993,000. Hamilton Wealth LLC raised its holdings in ALPS | Smith Core Plus Bond ETF by 98.4% in the 1st quarter. Hamilton Wealth LLC now owns 2,653,258 shares of the company’s stock valued at $68,335,000 after buying an additional 1,315,762 shares during the last quarter. Quantinno Capital Management LP bought a new position in ALPS | Smith Core Plus Bond ETF in the 1st quarter valued at approximately $207,000. Johnson Financial Group Inc. bought a new position in ALPS | Smith Core Plus Bond ETF in the 1st quarter valued at approximately $54,000. Finally, Gallacher Capital Management LLC raised its holdings in ALPS | Smith Core Plus Bond ETF by 1.3% in the 1st quarter. Gallacher Capital Management LLC now owns 379,430 shares of the company’s stock valued at $9,772,000 after buying an additional 5,031 shares during the last quarter.

ALPS | Smith Core Plus Bond ETF Stock Up 0.1%

Shares of SMTH stock traded up $0.02 on Friday, reaching $25.75. The company had a trading volume of 1,568,327 shares, compared to its average volume of 325,139. ALPS | Smith Core Plus Bond ETF has a one year low of $25.44 and a one year high of $26.47. The business’s 50-day moving average is $25.76 and its 200 day moving average is $26.00.

ALPS | Smith Core Plus Bond ETF Company Profile

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.