Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Short Interest Down 61.5% in July

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,303 shares, a drop of 61.5% from the July 15th total of 29,373 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 64,116 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in Small/Mid Cap Growth Alpha ETF by 4.4% during the fourth quarter. LPL Financial LLC now owns 776,705 shares of the company’s stock valued at $63,348,000 after acquiring an additional 32,489 shares in the last quarter. Royal Bank of Canada grew its position in Small/Mid Cap Growth Alpha ETF by 33.0% in the first quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after acquiring an additional 111,196 shares in the last quarter. Southern Financial Group LLC increased its stake in shares of Small/Mid Cap Growth Alpha ETF by 1.6% during the 1st quarter. Southern Financial Group LLC now owns 439,275 shares of the company’s stock worth $34,856,000 after purchasing an additional 6,789 shares during the last quarter. Mars Jewett Financial Group Inc. acquired a new position in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter worth $32,923,000. Finally, Leelyn Smith LLC raised its holdings in shares of Small/Mid Cap Growth Alpha ETF by 2.5% during the 1st quarter. Leelyn Smith LLC now owns 370,443 shares of the company’s stock valued at $29,395,000 after purchasing an additional 8,998 shares in the last quarter.

Small/Mid Cap Growth Alpha ETF Stock Performance

NASDAQ:JSMD traded up $0.49 during trading hours on Friday, hitting $97.75. 35,236 shares of the company’s stock traded hands, compared to its average volume of 79,103. The stock’s fifty day moving average price is $96.43 and its two-hundred day moving average price is $89.95. The firm has a market cap of $1.11 billion, a P/E ratio of 19.08 and a beta of 1.15. Small/Mid Cap Growth Alpha ETF has a twelve month low of $75.30 and a twelve month high of $101.70.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

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.