Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Short Interest Down 42.0% in June

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 8,240 shares, a decline of 42.0% from the May 31st total of 14,197 shares. Based on an average daily trading volume, of 103,837 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Small/Mid Cap Growth Alpha ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JSMD. Mars Jewett Financial Group Inc. bought a new stake in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth $32,923,000. Royal Bank of Canada grew its holdings in shares of Small/Mid Cap Growth Alpha ETF by 33.0% in the first quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after purchasing an additional 111,196 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth about $6,761,000. &PARTNERS increased its stake in Small/Mid Cap Growth Alpha ETF by 83.8% in the 4th quarter. &PARTNERS now owns 169,645 shares of the company’s stock worth $13,707,000 after buying an additional 77,347 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Small/Mid Cap Growth Alpha ETF by 83.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 140,075 shares of the company’s stock valued at $10,877,000 after buying an additional 63,532 shares in the last quarter.

Small/Mid Cap Growth Alpha ETF Price Performance

Shares of JSMD traded down $1.22 during mid-day trading on Wednesday, reaching $100.02. 53,348 shares of the company’s stock traded hands, compared to its average volume of 80,974. The stock’s 50-day moving average is $94.03 and its two-hundred day moving average is $87.41. Small/Mid Cap Growth Alpha ETF has a 12 month low of $75.30 and a 12 month high of $101.70. The stock has a market cap of $1.06 billion, a P/E ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.0819 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, June 30th. This is an increase from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08.

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. JSMD was launched on Feb 25, 2016 and is managed by Janus Henderson.