ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Update

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 321,631 shares, a growth of 98.6% from the April 15th total of 161,972 shares. Based on an average daily trading volume, of 314,005 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are sold short.

ALPS | Smith Core Plus Bond ETF Stock Performance

Shares of SMTH stock opened at $25.57 on Tuesday. ALPS | Smith Core Plus Bond ETF has a 1-year low of $25.23 and a 1-year high of $26.47. The stock’s fifty day simple moving average is $25.82 and its 200-day simple moving average is $26.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SMTH. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ALPS | Smith Core Plus Bond ETF by 12.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 55,466,105 shares of the company’s stock valued at $1,447,111,000 after buying an additional 6,132,733 shares in the last quarter. Trilogy Capital Inc. purchased a new position in ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at about $42,274,000. Annex Advisory Services LLC grew its stake in ALPS | Smith Core Plus Bond ETF by 27.9% in the fourth quarter. Annex Advisory Services LLC now owns 6,974,911 shares of the company’s stock valued at $181,836,000 after purchasing an additional 1,520,265 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at about $21,696,000. Finally, Thrivent Financial for Lutherans grew its stake in ALPS | Smith Core Plus Bond ETF by 81.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,259,837 shares of the company’s stock valued at $32,887,000 after purchasing an additional 565,289 shares in the last quarter.

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.