Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Strong Trading Volume – Here’s Why

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) shares saw unusually-strong trading volume on Thursday . Approximately 262,957 shares were traded during trading, an increase of 507% from the previous session’s volume of 43,301 shares.The stock last traded at $83.8850 and had previously closed at $83.22.

Small/Mid Cap Growth Alpha ETF Price Performance

The firm has a market cap of $747.07 million, a P/E ratio of 19.08 and a beta of 1.11. The business’s 50-day moving average is $82.83 and its two-hundred day moving average is $80.40.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.122 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.6%.

Hedge Funds Weigh In On Small/Mid Cap Growth Alpha ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JSMD. Independence Bank of Kentucky bought a new stake in Small/Mid Cap Growth Alpha ETF in the second quarter valued at approximately $29,000. Assetmark Inc. increased its holdings in shares of Small/Mid Cap Growth Alpha ETF by 419.7% during the 3rd quarter. Assetmark Inc. now owns 343 shares of the company’s stock worth $29,000 after acquiring an additional 277 shares during the last quarter. Triumph Capital Management bought a new stake in Small/Mid Cap Growth Alpha ETF in the 3rd quarter valued at $59,000. Private Trust Co. NA lifted its holdings in Small/Mid Cap Growth Alpha ETF by 32.8% during the 2nd quarter. Private Trust Co. NA now owns 928 shares of the company’s stock valued at $72,000 after purchasing an additional 229 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in Small/Mid Cap Growth Alpha ETF during the 3rd quarter valued at $203,000.

Small/Mid Cap Growth Alpha ETF Company Profile

The Janus Henderson Small\u002FMid Cap Growth Alpha ETF (JSMD) is an exchange-traded fund that is based on the Janus Small Mid Cap Growth Alpha index. The fund tracks an index of US small- and mid-cap stocks with strong fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Triton Fund.