Short Interest in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Expands By 189.9%

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 32,763 shares, an increase of 189.9% from the July 30th total of 11,303 shares. Based on an average trading volume of 64,167 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Small/Mid Cap Growth Alpha ETF Trading Down 1.9%

Shares of NASDAQ:JSMD traded down $1.81 on Friday, hitting $93.22. The company had a trading volume of 47,874 shares, compared to its average volume of 77,108. The company has a market cap of $1.06 billion, a PE ratio of 19.08 and a beta of 1.15. The business has a 50 day moving average of $96.36 and a 200 day moving average of $90.58. Small/Mid Cap Growth Alpha ETF has a 52-week low of $75.30 and a 52-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 given a $0.0819 dividend. This is a boost from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 30th.

Hedge Funds Weigh In On Small/Mid Cap Growth Alpha ETF

Several institutional investors and hedge funds have recently modified their holdings of JSMD. Mars Jewett Financial Group Inc. purchased a new stake in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth approximately $32,923,000. Royal Bank of Canada lifted its stake in shares of Small/Mid Cap Growth Alpha ETF by 33.0% during the 1st quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after purchasing an additional 111,196 shares during the period. Flaharty Asset Management LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter worth $6,761,000. &PARTNERS boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 83.8% during the fourth quarter. &PARTNERS now owns 169,645 shares of the company’s stock worth $13,707,000 after purchasing an additional 77,347 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 34.1% during the second quarter. Rise Advisors LLC now owns 257,207 shares of the company’s stock worth $26,039,000 after purchasing an additional 65,445 shares during the last quarter.

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.