Short Interest in Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Declines By 79.4%

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,173 shares, a drop of 79.4% from the August 15th total of 29,946 shares. Based on an average trading volume of 129,774 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Bahl & Gaynor Income Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new stake in Bahl & Gaynor Income Growth ETF in the 1st quarter valued at approximately $80,000. Anchor Investment Management LLC acquired a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter worth $126,000. Lcnb Corp acquired a new position in Bahl & Gaynor Income Growth ETF during the 4th quarter worth $226,000. Arkadios Wealth Advisors bought a new position in shares of Bahl & Gaynor Income Growth ETF in the first quarter worth $787,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Bahl & Gaynor Income Growth ETF in the first quarter worth $933,000.

Bahl & Gaynor Income Growth ETF Trading Up 0.6%

NYSEARCA:BGIG traded up $0.21 during mid-day trading on Friday, hitting $36.34. The stock had a trading volume of 104,361 shares, compared to its average volume of 104,328. The company has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $35.29. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 22.85 and a beta of 0.53. Bahl & Gaynor Income Growth ETF has a 52 week low of $31.52 and a 52 week high of $37.73.

Bahl & Gaynor Income Growth ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 30th were issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 30th.

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.