Short Interest in Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Increases By 98.4%

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant growth in short interest in 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 days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Trading Down 0.2%

SMIG opened at $31.28 on Thursday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 20.09 and a beta of 0.81. The stock has a fifty day simple moving average of $32.90 and a two-hundred day simple moving average of $31.70. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 12-month low of $27.66 and a 12-month high of $33.70.

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

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

Institutional Investors Weigh In On Bahl & Gaynor Small/Mid Cap Income Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF during the first quarter valued at approximately $4,127,000. Parallel Advisors LLC boosted its position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% in the 1st quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock worth $233,000 after purchasing an additional 6,985 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth approximately $81,000.

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.