Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Sees Large Increase in Short Interest

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 105,080 shares, a growth of 98.4% from the August 15th total of 52,968 shares. Based on an average daily volume of 195,033 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

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

NYSEARCA:SMIG traded down $0.24 during trading hours on Tuesday, reaching $31.37. 82,135 shares of the company traded hands, compared to its average volume of 249,289. The firm’s 50-day moving average is $32.96 and its 200-day moving average is $31.70. The stock has a market cap of $1.42 billion, a P/E ratio of 20.09 and a beta of 0.81. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 1-year low of $27.66 and a 1-year high of $33.70.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 30th were given a $0.042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 30th.

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

A number of hedge funds have recently bought and sold shares of SMIG. Cornerstone Financial Management LLC acquired a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter valued at $81,000. Parallel Advisors LLC grew its position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% in the first quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock valued at $233,000 after purchasing an additional 6,985 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the first quarter valued at $4,127,000.

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.