Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Short Interest Update

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 75,078 shares, an increase of 278.2% from the January 15th total of 19,850 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 263,044 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 263,044 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMIG. Transcend Capital Advisors LLC acquired a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter valued at about $1,338,000. JPMorgan Chase & Co. lifted its position in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,686 shares of the company’s stock worth $4,345,000 after acquiring an additional 16,247 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter valued at approximately $218,000. Heritage Wealth Management Inc. grew its stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 5.1% in the 2nd quarter. Heritage Wealth Management Inc. now owns 85,820 shares of the company’s stock valued at $2,476,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 50.0% in the second quarter. Janney Montgomery Scott LLC now owns 12,516 shares of the company’s stock valued at $361,000 after purchasing an additional 4,173 shares during the period.

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

Shares of SMIG stock traded up $0.22 during trading hours on Friday, hitting $31.50. The stock had a trading volume of 280,127 shares, compared to its average volume of 266,431. The firm has a market capitalization of $1.25 billion, a PE ratio of 20.09 and a beta of 0.86. The stock’s 50 day moving average is $29.70 and its 200 day moving average is $29.32. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a twelve month low of $25.24 and a twelve month high of $31.83.

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

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were paid a dividend of $0.047 per share. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 1.8%. This is an increase from Bahl & Gaynor Small/Mid Cap Income Growth ETF’s previous monthly dividend of $0.04.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Company Profile

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.