ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Update
by Teresa Graham · The Cerbat GemALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 321,631 shares, an increase of 98.6% from the April 15th total of 161,972 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 314,005 shares, the short-interest ratio is presently 1.0 days.
Institutional Trading of ALPS | Smith Core Plus Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP bought a new stake in shares of ALPS | Smith Core Plus Bond ETF in the first quarter worth $207,000. Johnson Financial Group Inc. acquired a new position in ALPS | Smith Core Plus Bond ETF in the first quarter worth $54,000. Gallacher Capital Management LLC boosted its holdings in ALPS | Smith Core Plus Bond ETF by 1.3% in the first quarter. Gallacher Capital Management LLC now owns 379,430 shares of the company’s stock worth $9,772,000 after purchasing an additional 5,031 shares during the period. Bank of New York Mellon Corp boosted its holdings in ALPS | Smith Core Plus Bond ETF by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 2,208,173 shares of the company’s stock worth $56,871,000 after purchasing an additional 69,182 shares during the period. Finally, Ethos Financial Group LLC boosted its holdings in ALPS | Smith Core Plus Bond ETF by 9.2% in the first quarter. Ethos Financial Group LLC now owns 298,441 shares of the company’s stock worth $7,664,000 after purchasing an additional 25,114 shares during the period.
ALPS | Smith Core Plus Bond ETF Stock Performance
Shares of NYSEARCA:SMTH remained flat at $25.57 during midday trading on Monday. 200,107 shares of the company were exchanged, compared to its average volume of 311,246. The company’s 50 day simple moving average is $25.82 and its two-hundred day simple moving average is $26.03. ALPS | Smith Core Plus Bond ETF has a fifty-two week low of $25.23 and a fifty-two week high of $26.47.
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.