Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Short Interest Down 61.5% in July

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,303 shares, a decline of 61.5% from the July 15th total of 29,373 shares. Based on an average daily trading volume, of 64,116 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JSMD. Rise Advisors LLC lifted 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 period. Allied Private Wealth LLC purchased a new position in Small/Mid Cap Growth Alpha ETF during the 2nd quarter worth approximately $2,145,000. Western Wealth Management LLC acquired a new stake in Small/Mid Cap Growth Alpha ETF during the 1st quarter valued at approximately $1,237,000. Southern Financial Group LLC lifted its stake in Small/Mid Cap Growth Alpha ETF by 1.6% during the 1st quarter. Southern Financial Group LLC now owns 439,275 shares of the company’s stock valued at $34,856,000 after acquiring an additional 6,789 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 886.2% in the 1st quarter. NewEdge Advisors LLC now owns 45,935 shares of the company’s stock valued at $3,645,000 after acquiring an additional 41,277 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Trading Up 0.5%

Shares of Small/Mid Cap Growth Alpha ETF stock opened at $97.21 on Friday. Small/Mid Cap Growth Alpha ETF has a 12-month low of $75.30 and a 12-month high of $101.70. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15. The firm’s 50 day simple moving average is $96.34 and its two-hundred day simple moving average is $89.90.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.0819 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, June 30th.

About Small/Mid Cap Growth Alpha ETF

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.