Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Short Interest Update

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 53,505 shares, a decline of 49.1% from the August 31st total of 105,080 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 222,882 shares, the short-interest ratio is currently 0.2 days.

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

Shares of SMIG stock opened at $31.30 on Tuesday. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 1-year low of $27.66 and a 1-year high of $33.70. The firm has a market cap of $1.43 billion, a PE ratio of 20.09 and a beta of 0.81. The company has a 50-day moving average of $32.60 and a two-hundred day moving average of $31.73.

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

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th will be given a $0.0420 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%.

Institutional Investors Weigh In On Bahl & Gaynor Small/Mid Cap Income Growth ETF

A number of institutional investors have recently modified their holdings of SMIG. Bank of New York Mellon Corp purchased a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 1st quarter valued at about $4,127,000. Parallel Advisors LLC grew its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% in the first quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock valued at $233,000 after purchasing an additional 6,985 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 4th quarter worth approximately $81,000.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Company Profile

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.