Short Interest in SMART Mid Cap ETF (NYSEARCA:SMCP) Drops By 98.1%

SMART Mid Cap ETF (NYSEARCA:SMCP) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 780 shares, a drop of 98.1% from the August 15th total of 41,474 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,110 shares, the days-to-cover ratio is currently 0.7 days.

SMART Mid Cap ETF Stock Performance

NYSEARCA:SMCP traded up $0.20 during mid-day trading on Friday, hitting $27.40. 1,136 shares of the company’s stock traded hands, compared to its average volume of 4,604. The company has a fifty day moving average of $25.82 and a 200 day moving average of $28.05. SMART Mid Cap ETF has a twelve month low of $23.29 and a twelve month high of $28.09. The company has a market capitalization of $4.93 million, a P/E ratio of 13.61 and a beta of 1.49.

SMART Mid Cap ETF Company Profile

The AlphaMark Actively Managed Small Cap ETF (SMCP) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively-managed portfolio of ETFs that holds small-cap stocks. SMCP was launched on Apr 21, 2015 and is issued by AlphaMark.