Short Interest in Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Grows By 267.7%

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 77,250 shares, an increase of 267.7% from the May 14th total of 21,009 shares. Based on an average trading volume of 154,581 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Bahl & Gaynor Income Growth ETF Stock Performance

Shares of NYSEARCA BGIG traded up $0.23 during mid-day trading on Friday, hitting $35.58. The stock had a trading volume of 136,174 shares, compared to its average volume of 96,328. The company has a 50 day moving average of $34.73 and a two-hundred day moving average of $33.76. Bahl & Gaynor Income Growth ETF has a twelve month low of $29.77 and a twelve month high of $35.66. The firm has a market cap of $2.18 billion, a PE ratio of 22.85 and a beta of 0.55.

Hedge Funds Weigh In On Bahl & Gaynor Income Growth ETF

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

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.