ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Short Interest Up 48.9% in January

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 163,375 shares, a growth of 48.9% from the December 31st total of 109,711 shares. Based on an average daily trading volume, of 264,092 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 264,092 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMTH. Boyer Financial Services Inc. purchased a new stake in shares of ALPS | Smith Core Plus Bond ETF during the 4th quarter worth $1,501,000. Comerica Bank raised its position in 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. Traction Financial Partners LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 4.3% during the 4th quarter. Traction Financial Partners LLC now owns 806,689 shares of the company’s stock worth $21,030,000 after purchasing an additional 33,435 shares during the last quarter. Riverbend Wealth Management LLC raised its holdings in shares of ALPS | Smith Core Plus Bond ETF by 7.1% in the fourth quarter. Riverbend Wealth Management LLC now owns 169,593 shares of the company’s stock worth $4,421,000 after acquiring an additional 11,204 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in ALPS | Smith Core Plus Bond ETF during the 4th quarter worth about $303,000.

ALPS | Smith Core Plus Bond ETF Stock Down 0.1%

ALPS | Smith Core Plus Bond ETF stock opened at $26.02 on Friday. ALPS | Smith Core Plus Bond ETF has a twelve month low of $25.15 and a twelve month high of $26.47. The stock has a 50 day moving average of $26.12 and a two-hundred day moving average of $26.09.

ALPS | Smith Core Plus Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were paid a $0.0914 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, January 22nd.

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.