Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) Short Interest Down 75.0% in May

Zacks Small/Mid Cap Core Portfolio ETF (NYSEARCA:SMIZ) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 12,712 shares, a drop of 75.0% from the April 30th total of 50,858 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 16,143 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Zacks Small/Mid Cap Core Portfolio ETF

Several institutional investors have recently modified their holdings of the stock. Strive Financial Group LLC acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter worth about $1,529,000. Rossby Financial LCC grew its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 40.5% during the 4th quarter. Rossby Financial LCC now owns 10,437 shares of the company’s stock worth $386,000 after buying an additional 3,006 shares during the period. Wayfinding Financial LLC grew its position in shares of Zacks Small/Mid Cap Core Portfolio ETF by 1.3% during the 4th quarter. Wayfinding Financial LLC now owns 150,979 shares of the company’s stock worth $5,619,000 after buying an additional 1,912 shares during the period. 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 worth $1,440,000 after buying an additional 2,370 shares during the period. Finally, Cornerstone Planning Group LLC acquired a new position in shares of Zacks Small/Mid Cap Core Portfolio ETF during the 4th quarter worth about $26,000.

Zacks Small/Mid Cap Core Portfolio ETF Stock Up 0.1%

SMIZ stock traded up $0.05 during midday trading on Friday, reaching $42.65. The stock had a trading volume of 27,605 shares, compared to its average volume of 33,173. The business has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $38.90. The firm has a market cap of $248.22 million, a price-to-earnings ratio of 20.70 and a beta of 1.19. Zacks Small/Mid Cap Core Portfolio ETF has a twelve month low of $32.29 and a twelve month high of $42.82.

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.