ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Significant Growth in Short Interest

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 143,459 shares, a growth of 169.6% from the January 29th total of 53,202 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 246,411 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 246,411 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of ALPS | Smith Core Plus Bond ETF

Large investors have recently modified their holdings of the business. Comerica Bank increased its position in shares of ALPS | Smith Core Plus Bond ETF by 6.5% during the fourth quarter. Comerica Bank now owns 7,486 shares of the company’s stock worth $195,000 after acquiring an additional 456 shares during the last quarter. Kestra Advisory Services LLC grew its stake in ALPS | Smith Core Plus Bond ETF by 6.8% during the 4th quarter. Kestra Advisory Services LLC now owns 16,589 shares of the company’s stock valued at $432,000 after purchasing an additional 1,053 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in ALPS | Smith Core Plus Bond ETF by 4.3% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 34,873 shares of the company’s stock worth $901,000 after purchasing an additional 1,438 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of ALPS | Smith Core Plus Bond ETF by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,508 shares of the company’s stock valued at $918,000 after purchasing an additional 1,445 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the 3rd quarter valued at approximately $41,000.

ALPS | Smith Core Plus Bond ETF Stock Performance

ALPS | Smith Core Plus Bond ETF stock opened at $26.35 on Friday. The stock’s 50 day moving average price is $26.13 and its 200 day moving average price is $26.15. ALPS | Smith Core Plus Bond ETF has a 1-year low of $25.15 and a 1-year high of $26.47.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were paid a dividend of $0.0848 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) annualized dividend and a yield of 3.9%.

About ALPS | Smith Core Plus Bond ETF

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.