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 target of a significant decline in short interest in 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. Based on an average daily trading volume, of 222,882 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

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

Shares of NYSEARCA:SMIG opened at $31.30 on Tuesday. The company has a market cap of $1.43 billion, a PE ratio of 20.09 and a beta of 0.81. The company’s 50 day moving average is $32.60 and its two-hundred day moving average is $31.73. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 52 week low of $27.66 and a 52 week high of $33.70.

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

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

About Bahl & Gaynor Small/Mid Cap Income Growth ETF

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.