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

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,303 shares, a decrease of 61.5% from the July 15th total of 29,373 shares. Based on an average daily volume of 64,116 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Small/Mid Cap Growth Alpha ETF Stock Performance

Shares of JSMD opened at $97.21 on Friday. The business’s 50-day moving average is $96.34 and its two-hundred day moving average is $89.90. The company has a market capitalization of $1.10 billion, a P/E ratio of 19.08 and a beta of 1.15. Small/Mid Cap Growth Alpha ETF has a fifty-two week low of $75.30 and a fifty-two week high of $101.70.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

Institutional Trading of Small/Mid Cap Growth Alpha ETF

A number of hedge funds have recently added to or reduced their stakes in JSMD. Mcdonald Partners LLC acquired a new position in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter worth approximately $818,000. Allegheny Financial Group acquired a new stake in Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at $573,000. Pursuit Wealth Management LLC purchased a new stake in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth $1,299,000. Peapack Gladstone Financial Corp increased its holdings in Small/Mid Cap Growth Alpha ETF by 52.1% in the 4th quarter. Peapack Gladstone Financial Corp now owns 47,806 shares of the company’s stock worth $3,899,000 after acquiring an additional 16,382 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Small/Mid Cap Growth Alpha ETF during the fourth quarter worth $629,000.

Small/Mid Cap Growth Alpha ETF Company Profile

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.