Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Shares Shorted: Short Interest Down 60.9% in October

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 23,284 shares, a drop of 60.9% from the September 30th total of 59,519 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 236,374 shares, the days-to-cover ratio is presently 0.1 days.

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

A hedge fund recently raised its position in Bahl & Gaynor Small/Mid Cap Income Growth ETF stock. Parallel Advisors LLC increased its holdings in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) by 735.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,935 shares of the company’s stock after acquiring an additional 6,985 shares during the quarter. Parallel Advisors LLC’s holdings in Bahl & Gaynor Small/Mid Cap Income Growth ETF were worth $233,000 at the end of the most recent reporting period.

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

SMIG stock traded down $0.28 during trading on Friday, hitting $32.19. The stock had a trading volume of 203,196 shares, compared to its average volume of 247,595. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a twelve month low of $27.66 and a twelve month high of $33.70. The stock has a market capitalization of $1.48 billion, a P/E ratio of 20.09 and a beta of 0.81. The company’s 50-day moving average price is $31.78 and its two-hundred day moving average price is $31.51.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th will be issued a $0.0440 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, October 29th. This is an increase from Bahl & Gaynor Small/Mid Cap Income Growth ETF’s previous monthly dividend of $0.0420.

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.