Short Interest in Small Cap Growth Alpha ETF (NASDAQ:JSML) Decreases By 82.7%

Small Cap Growth Alpha ETF (NASDAQ:JSML) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 704 shares, a decline of 82.7% from the August 15th total of 4,067 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 12,258 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Principal Securities Inc. grew its stake in Small Cap Growth Alpha ETF by 3.6% in the fourth quarter. Principal Securities Inc. now owns 8,837 shares of the company’s stock worth $650,000 after purchasing an additional 309 shares during the period. Studio Investment Management LLC lifted its position in Small Cap Growth Alpha ETF by 11.7% during the fourth quarter. Studio Investment Management LLC now owns 3,559 shares of the company’s stock valued at $262,000 after buying an additional 374 shares during the period. Unified Investment Management boosted its holdings in shares of Small Cap Growth Alpha ETF by 6.9% during the 1st quarter. Unified Investment Management now owns 6,228 shares of the company’s stock valued at $436,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Small Cap Growth Alpha ETF by 328.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $45,000 after buying an additional 512 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Small Cap Growth Alpha ETF by 3.7% in the 2nd quarter. IFP Advisors Inc now owns 14,956 shares of the company’s stock worth $1,392,000 after buying an additional 534 shares during the period.

Small Cap Growth Alpha ETF Stock Performance

Shares of JSML stock traded up $0.39 on Friday, hitting $86.76. 32,603 shares of the company’s stock traded hands, compared to its average volume of 21,923. Small Cap Growth Alpha ETF has a one year low of $66.97 and a one year high of $98.01. The company’s fifty day simple moving average is $89.55 and its 200 day simple moving average is $83.68. The stock has a market capitalization of $360.05 million, a price-to-earnings ratio of 18.21 and a beta of 1.28.

Small Cap Growth Alpha ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.0463 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Small Cap Growth Alpha ETF’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a yield of 0.2%.

About Small Cap Growth Alpha ETF

The Janus Henderson Small Cap Growth Alpha ETF (JSML) is an exchange-traded fund that is based on the Janus Small Cap Growth Alpha index. The fund tracks a market cap-weighted index of US small cap stocks selected by fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Venture Fund. JSML was launched on Feb 25, 2016 and is managed by Janus Henderson.