Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Sees Significant Drop in Short Interest

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,935 shares, a drop of 72.7% from the March 31st total of 7,076 shares. Based on an average daily volume of 66,996 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Zacks Small/Mid Cap Core Portfolio ETF

Several hedge funds and other institutional investors have recently modified their holdings of SMIZ. Wayfinding Financial LLC grew its stake in Zacks Small/Mid Cap Core Portfolio ETF by 1.3% during the fourth quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock valued at $5,619,000 after acquiring an additional 1,912 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in Zacks Small/Mid Cap Core Portfolio ETF in the 3rd quarter worth approximately $5,593,000. Strategic Blueprint LLC boosted its holdings in Zacks Small/Mid Cap Core Portfolio ETF by 8.8% in the 4th quarter. Strategic Blueprint LLC now owns 68,751 shares of the company’s stock valued at $2,543,000 after purchasing an additional 5,532 shares during the period. Strive Financial Group LLC bought a new position in Zacks Small/Mid Cap Core Portfolio ETF in the 4th quarter valued at $1,529,000. Finally, Alteri Wealth LLC grew its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 6.5% during the 4th quarter. Alteri Wealth LLC now owns 38,935 shares of the company’s stock valued at $1,440,000 after purchasing an additional 2,370 shares in the last quarter.

Zacks Small/Mid Cap Core Portfolio ETF Stock Performance

SMIZ stock traded up $0.18 during mid-day trading on Friday, hitting $41.35. The company had a trading volume of 10,250 shares, compared to its average volume of 38,746. The firm has a market cap of $237.76 million, a PE ratio of 20.70 and a beta of 1.20. Zacks Small/Mid Cap Core Portfolio ETF has a 12 month low of $30.05 and a 12 month high of $41.56. The stock’s fifty day moving average price is $38.68 and its two-hundred day moving average price is $38.15.

About Zacks Small/Mid Cap Core Portfolio ETF

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.