Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Shares Shorted: Short Interest Down 49.1% in September

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 53,505 shares, a decline of 49.1% from the August 31st total of 105,080 shares. Based on an average trading volume of 222,882 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% during the first quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock worth $233,000 after acquiring an additional 6,985 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 1st quarter valued at about $4,127,000. Finally, Cornerstone Financial Management LLC bought a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter valued at about $81,000.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Stock Up 0.5%

Shares of NYSEARCA:SMIG traded up $0.17 during trading on Thursday, hitting $31.08. 515,469 shares of the company traded hands, compared to its average volume of 250,952. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 20.09 and a beta of 0.82. The business’s fifty day moving average is $32.51 and its 200-day moving average is $31.75. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a one year low of $27.66 and a one year high of $33.70.

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

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 29th will be paid a dividend of $0.0420 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 29th.

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.