Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Short Interest Up 278.2% in January

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 75,078 shares, a growth of 278.2% from the January 15th total of 19,850 shares. Based on an average daily trading volume, of 263,044 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 263,044 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Bahl & Gaynor Small/Mid Cap Income Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of SMIG. Arkadios Wealth Advisors bought a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth $218,000. Janney Montgomery Scott LLC raised its holdings in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,317 shares of the company’s stock valued at $470,000 after acquiring an additional 2,656 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 4.2% in the fourth quarter. JPMorgan Chase & Co. now owns 152,832 shares of the company’s stock worth $4,402,000 after acquiring an additional 6,146 shares during the period. Parallel Advisors LLC bought a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth about $27,000. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF during the fourth quarter worth about $1,338,000.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Price Performance

Shares of SMIG traded up $0.22 during trading hours on Friday, hitting $31.50. The stock had a trading volume of 280,127 shares, compared to its average volume of 266,431. The stock has a fifty day moving average price of $29.64 and a 200 day moving average price of $29.31. The firm has a market capitalization of $1.25 billion, a PE ratio of 20.09 and a beta of 0.86. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 12 month low of $25.24 and a 12 month high of $31.83.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a dividend of $0.047 per share. This is an increase from Bahl & Gaynor Small/Mid Cap Income Growth ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, January 29th.

About Bahl & Gaynor Small/Mid Cap Income Growth ETF

The AAM Bahl & Gaynor Small\u002FMid Cap Income Growth ETF (SMIG) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that invests in US mid and small-cap companies that selects and weights securities based on the advisers assessment. SMIG was launched on Aug 25, 2021 and is managed by AAM.