Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Large Growth in Short Interest

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 32,763 shares, a growth of 189.9% from the July 30th total of 11,303 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 64,167 shares, the short-interest ratio is presently 0.5 days.

Small/Mid Cap Growth Alpha ETF Stock Performance

Shares of NASDAQ JSMD traded up $0.26 during midday trading on Thursday, hitting $95.03. The company’s stock had a trading volume of 45,551 shares, compared to its average volume of 77,286. Small/Mid Cap Growth Alpha ETF has a 1-year low of $75.30 and a 1-year high of $101.70. The firm’s fifty day moving average price is $96.36 and its 200-day moving average price is $90.58. The firm has a market cap of $1.08 billion, a P/E ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were paid a $0.0819 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.3%.

Institutional Trading of Small/Mid Cap Growth Alpha ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JSMD. Triumph Capital Management acquired a new position in Small/Mid Cap Growth Alpha ETF during the 3rd quarter valued at approximately $59,000. Global Retirement Partners LLC lifted its stake in Small/Mid Cap Growth Alpha ETF by 27.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock valued at $94,000 after buying an additional 250 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Small/Mid Cap Growth Alpha ETF in the fourth quarter valued at $184,000. Pacific Wealth Strategies Group Inc. acquired a new position in shares of Small/Mid Cap Growth Alpha ETF during the first quarter valued at $274,000. Finally, Sigma Planning Corp bought a new position in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth about $319,000.

About Small/Mid Cap Growth Alpha ETF

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.