Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Sees Large Increase in Short Interest

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,100 shares, an increase of 274.1% from the May 31st total of 2,700 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is presently 1.2 days.

Hilton Small-MidCap Opportunity ETF Stock Performance

NASDAQ:SMCO traded up $0.07 during mid-day trading on Friday, reaching $23.70. 6,805 shares of the company’s stock were exchanged, compared to its average volume of 19,776. Hilton Small-MidCap Opportunity ETF has a one year low of $20.12 and a one year high of $24.12. The firm has a market capitalization of $71.10 million, a PE ratio of 22.19 and a beta of 1.04. The business’s fifty day simple moving average is $23.35 and its two-hundred day simple moving average is $22.73.

About Hilton Small-MidCap Opportunity ETF

The Hilton Small-MidCap Opportunity ETF (SMCO) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that focuses on generating returns while minimizing risk through its proprietary Small & Mid Cap Opportunities investment process (SMCO), which attempts to identify undervalued US stocks in the small- and mid-cap space.