Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Short Interest Up 98.4% in August

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,080 shares, a growth of 98.4% from the August 15th total of 52,968 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 195,033 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% in the 1st quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock valued at $233,000 after buying an additional 6,985 shares during the period. Bank of New York Mellon Corp acquired a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 1st quarter worth about $4,127,000. Finally, Cornerstone Financial Management LLC purchased a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 4th quarter valued at about $81,000.

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

Shares of SMIG stock traded down $0.08 during trading hours on Wednesday, hitting $31.27. The company had a trading volume of 222,822 shares, compared to its average volume of 249,761. The stock has a market capitalization of $1.41 billion, a PE ratio of 20.09 and a beta of 0.81. The company’s fifty day moving average is $32.93 and its 200 day moving average is $31.70. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a fifty-two week low of $27.66 and a fifty-two week high of $33.70.

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

The company also recently declared a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th were paid a dividend of $0.042 per share. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, July 30th.

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.