Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Large Decline in Short Interest

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,240 shares, a decrease of 42.0% from the May 31st total of 14,197 shares. Based on an average trading volume of 103,837 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Small/Mid Cap Growth Alpha ETF

A number of hedge funds have recently modified their holdings of JSMD. Sanctuary Advisors LLC boosted its position in Small/Mid Cap Growth Alpha ETF by 2.1% during the 1st quarter. Sanctuary Advisors LLC now owns 6,001 shares of the company’s stock worth $476,000 after buying an additional 125 shares during the period. Altus Wealth Group LLC grew its holdings in Small/Mid Cap Growth Alpha ETF by 1.7% during the 4th quarter. Altus Wealth Group LLC now owns 8,450 shares of the company’s stock worth $689,000 after acquiring an additional 138 shares during the period. Kingsview Wealth Management LLC increased its holdings in Small/Mid Cap Growth Alpha ETF by 1.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 14,750 shares of the company’s stock worth $1,203,000 after purchasing an additional 197 shares in the last quarter. PFG Advisors increased its stake in shares of Small/Mid Cap Growth Alpha ETF by 3.3% in the 3rd quarter. PFG Advisors now owns 6,749 shares of the company’s stock valued at $564,000 after acquiring an additional 214 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Small/Mid Cap Growth Alpha ETF by 27.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock valued at $94,000 after purchasing an additional 250 shares during the period.

Small/Mid Cap Growth Alpha ETF Stock Up 0.2%

Shares of NASDAQ:JSMD traded up $0.19 during midday trading on Friday, reaching $97.95. The company had a trading volume of 77,410 shares, compared to its average volume of 80,945. The stock has a market cap of $1.09 billion, a PE ratio of 19.08 and a beta of 1.14. Small/Mid Cap Growth Alpha ETF has a 1-year low of $75.30 and a 1-year high of $101.70. The business’s 50 day moving average price is $94.21 and its 200 day moving average price is $87.51.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th will be issued a $0.0819 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08.

About Small/Mid Cap Growth Alpha ETF

The Janus Henderson Small\u002FMid Cap Growth Alpha ETF (JSMD) is an exchange-traded fund that is based on the Janus Small Mid Cap Growth Alpha index. The fund tracks an index of US small- and mid-cap stocks with strong fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Triton Fund. JSMD was launched on Feb 25, 2016 and is managed by Janus Henderson.