Short Interest in Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Grows By 99.0%

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 41,324 shares, an increase of 99.0% from the July 15th total of 20,766 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 202,414 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 4.2% during the fourth quarter. JPMorgan Chase & Co. now owns 152,832 shares of the company’s stock valued at $4,402,000 after purchasing an additional 6,146 shares during the period. Bank of New York Mellon Corp bought a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 1st quarter valued at $4,127,000. Wealth Intelligence LLC purchased a new stake in Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 4th quarter valued at $2,292,000. Janney Montgomery Scott LLC grew its holdings in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 19.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,317 shares of the company’s stock worth $470,000 after acquiring an additional 2,656 shares during the last quarter. Finally, Parallel Advisors LLC increased its position 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 acquiring an additional 6,985 shares during the period.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Stock Down 0.7%

SMIG opened at $33.42 on Tuesday. The firm has a 50-day moving average price of $32.92 and a 200-day moving average price of $31.50. 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 company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 20.09 and a beta of 0.82.

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.