Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Short Interest Up 99.0% in July

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 41,324 shares, an increase of 99.0% from the July 15th total of 20,766 shares. Based on an average trading volume of 202,414 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth approximately $27,000. Cornerstone Financial Management LLC purchased a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 4th quarter valued at $81,000. Arkadios Wealth Advisors bought a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth $218,000. Janney Montgomery Scott LLC increased its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 19.4% in the 4th 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 in the last quarter. Finally, Wealth Intelligence LLC purchased a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth $2,292,000.

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

Shares of SMIG traded up $0.24 during trading hours on Friday, hitting $33.66. The company had a trading volume of 164,499 shares, compared to its average volume of 255,788. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.09 and a beta of 0.82. The firm has a fifty day moving average price of $32.88 and a 200-day moving average price of $31.46. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 52-week low of $27.66 and a 52-week high of $33.70.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Company Profile

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.