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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 4th quarter valued at about $81,000. Parallel Advisors LLC lifted its holdings 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the first quarter valued at about $4,127,000.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Stock Down 0.8%

NYSEARCA SMIG traded down $0.24 during mid-day trading on Tuesday, hitting $31.37. The stock had a trading volume of 82,135 shares, compared to its average volume of 249,289. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 52-week low of $27.66 and a 52-week high of $33.70. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 20.09 and a beta of 0.81. The company has a 50 day simple moving average of $32.96 and a 200 day simple moving average of $31.70.

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

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

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.