Short Interest in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Drops By 37.6%

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 33,596 shares, a drop of 37.6% from the May 31st total of 53,847 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 15,171 shares, the short-interest ratio is presently 2.2 days.

Hilton Small-MidCap Opportunity ETF Stock Performance

SMCO opened at $30.29 on Friday. The stock has a market cap of $140.85 million, a price-to-earnings ratio of 24.86 and a beta of 1.10. The stock’s 50 day moving average price is $29.84 and its 200-day moving average price is $28.72. Hilton Small-MidCap Opportunity ETF has a one year low of $25.45 and a one year high of $31.17.

Hedge Funds Weigh In On Hilton Small-MidCap Opportunity ETF

Several hedge funds have recently bought and sold shares of SMCO. Hilton Capital Management LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the fourth quarter worth about $6,108,000. Janney Montgomery Scott LLC bought a new position in Hilton Small-MidCap Opportunity ETF in the 1st quarter worth about $2,121,000. &PARTNERS grew its stake in Hilton Small-MidCap Opportunity ETF by 27.7% in the 4th quarter. &PARTNERS now owns 188,877 shares of the company’s stock worth $5,062,000 after acquiring an additional 40,957 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the fourth quarter worth approximately $862,000. Finally, Fulton Bank N.A. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 24.7% during the fourth quarter. Fulton Bank N.A. now owns 133,503 shares of the company’s stock worth $3,578,000 after acquiring an additional 26,427 shares during the period.

About Hilton Small-MidCap Opportunity ETF

The Hilton Small-MidCap Opportunity ETF (SMCO) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that focuses on generating returns while minimizing risk through its proprietary Small & Mid Cap Opportunities investment process (SMCO), which attempts to identify undervalued US stocks in the small- and mid-cap space. SMCO was launched on Nov 28, 2023 and is issued by Hilton.