Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Large Growth in Short Interest

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 32,763 shares, a growth of 189.9% from the July 30th total of 11,303 shares. Based on an average daily trading volume, of 64,167 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Small/Mid Cap Growth Alpha ETF Price Performance

Shares of NASDAQ:JSMD traded up $0.26 during midday trading on Thursday, reaching $95.03. The company had a trading volume of 45,551 shares, compared to its average volume of 77,286. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.08 and a beta of 1.15. The stock’s fifty day moving average price is $96.36 and its 200-day moving average price is $90.58. Small/Mid Cap Growth Alpha ETF has a one year low of $75.30 and a one year high of $101.70.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

Hedge Funds Weigh In On Small/Mid Cap Growth Alpha ETF

Several large investors have recently modified their holdings of JSMD. Triumph Capital Management bought a new stake in Small/Mid Cap Growth Alpha ETF in the third quarter valued at about $59,000. Global Retirement Partners LLC grew its position in shares of Small/Mid Cap Growth Alpha ETF by 27.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock worth $94,000 after acquiring an additional 250 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Small/Mid Cap Growth Alpha ETF in the 4th quarter worth approximately $184,000. Pacific Wealth Strategies Group Inc. bought a new stake in shares of Small/Mid Cap Growth Alpha ETF in the 1st quarter valued at approximately $274,000. Finally, Sigma Planning Corp acquired a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter valued at approximately $319,000.

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.