Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Stock Short Interest Jumps 156.5%

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 15,835 shares, a growth of 156.5% from the August 31st total of 6,173 shares. Based on an average trading volume of 179,918 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Bahl & Gaynor Income Growth ETF Stock Performance

Shares of Bahl & Gaynor Income Growth ETF stock traded down $0.15 on Monday, hitting $35.56. 129,719 shares of the company’s stock were exchanged, compared to its average volume of 109,783. The company has a 50-day simple moving average of $36.58 and a 200-day simple moving average of $35.39. The stock has a market capitalization of $2.17 billion, a PE ratio of 22.85 and a beta of 0.53. Bahl & Gaynor Income Growth ETF has a 1 year low of $31.52 and a 1 year high of $37.73.

Bahl & Gaynor Income Growth ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were given a dividend of $0.0520 per share. The ex-dividend date was Thursday, July 30th. This represents a $0.62 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On Bahl & Gaynor Income Growth ETF

A number of hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter valued at approximately $933,000. Arkadios Wealth Advisors purchased a new stake in shares of Bahl & Gaynor Income Growth ETF during the 1st quarter worth approximately $787,000. Lcnb Corp purchased a new stake in shares of Bahl & Gaynor Income Growth ETF during the 4th quarter worth approximately $226,000. Anchor Investment Management LLC purchased a new stake in shares of Bahl & Gaynor Income Growth ETF during the 1st quarter worth approximately $126,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Bahl & Gaynor Income Growth ETF during the 1st quarter valued at approximately $80,000.

About Bahl & Gaynor Income Growth ETF

The Bahl & Gaynor Income Growth ETF (BGIG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large cap companies with a reliable dividend stream. The fund uses a bottom-up approach to select companies that are perceived to have strong fundamentals BGIG was launched on Sep 15, 2023 and is issued by Bahl & Gaynor.