AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Sees Large Drop in Short Interest

AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 13,800 shares, a decrease of 70.8% from the May 15th total of 47,200 shares. Based on an average trading volume of 262,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

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

Shares of SMIG stock traded down $0.42 during trading hours on Friday, hitting $28.44. The stock had a trading volume of 135,485 shares, compared to its average volume of 168,271. AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF has a twelve month low of $25.24 and a twelve month high of $32.08. The stock’s 50 day moving average is $28.10 and its 200 day moving average is $28.96. The firm has a market capitalization of $1.03 billion, a PE ratio of 20.08 and a beta of 0.89.

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

Several large investors have recently modified their holdings of SMIG. Janney Montgomery Scott LLC acquired a new stake in AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter valued at $231,000. Transcend Capital Advisors LLC lifted its holdings in AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF by 88.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 29,183 shares of the company’s stock valued at $849,000 after acquiring an additional 13,708 shares during the period. Finally, Heritage Wealth Management Inc. lifted its holdings in AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF by 2.5% in the first quarter. Heritage Wealth Management Inc. now owns 81,620 shares of the company’s stock valued at $2,329,000 after acquiring an additional 2,000 shares during the period.

About AAM 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.