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

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,300 shares, a decline of 44.9% from the December 15th total of 7,800 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 0.9 days.

Hilton Small-MidCap Opportunity ETF Stock Performance

Shares of SMCO stock traded up $0.25 on Thursday, hitting $26.66. 1,660 shares of the company’s stock traded hands, compared to its average volume of 4,796. The stock has a market capitalization of $105.29 million, a price-to-earnings ratio of 22.19 and a beta of 1.04. The company’s fifty day simple moving average is $26.33 and its 200 day simple moving average is $25.04. Hilton Small-MidCap Opportunity ETF has a one year low of $21.03 and a one year high of $27.55.

Hilton Small-MidCap Opportunity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 17th were given a dividend of $0.1186 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.