Short Interest in Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Decreases By 61.2%

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 30,176 shares, a decline of 61.2% from the March 15th total of 77,710 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 261,671 shares, the days-to-cover ratio is presently 0.1 days.

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

NYSEARCA SMIG traded up $0.14 on Monday, hitting $30.41. 206,257 shares of the stock were exchanged, compared to its average volume of 251,337. The firm has a market capitalization of $1.29 billion, a P/E ratio of 20.09 and a beta of 0.85. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 52-week low of $26.46 and a 52-week high of $31.83. The stock has a fifty day moving average price of $30.37 and a two-hundred day moving average price of $29.50.

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

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a $0.047 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 4.2% in the fourth quarter. JPMorgan Chase & Co. now owns 152,832 shares of the company’s stock worth $4,402,000 after purchasing an additional 6,146 shares during the last quarter. Wealth Intelligence LLC bought a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth about $2,292,000. Transcend Capital Advisors LLC bought a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth about $1,338,000. Janney Montgomery Scott LLC grew its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 19.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,317 shares of the company’s stock worth $470,000 after purchasing an additional 2,656 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth about $218,000.

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.