Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Sees Significant Decline in Short Interest

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 21,352 shares, a decrease of 34.3% from the December 15th total of 32,502 shares. Based on an average trading volume of 192,742 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 192,742 shares, the days-to-cover ratio is currently 0.1 days.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Trading Down 0.0%

NYSEARCA:SMIG traded down $0.01 during midday trading on Friday, reaching $30.02. The company had a trading volume of 111,841 shares, compared to its average volume of 286,986. The stock’s fifty day simple moving average is $28.83 and its 200-day simple moving average is $29.17. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 12-month low of $25.24 and a 12-month high of $30.64. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.09 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,686 shares of the company’s stock worth $4,345,000 after acquiring an additional 16,247 shares in the last quarter. Heritage Wealth Management Inc. lifted its position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 5.1% during the 2nd quarter. Heritage Wealth Management Inc. now owns 85,820 shares of the company’s stock worth $2,476,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF by 50.0% during the second quarter. Janney Montgomery Scott LLC now owns 12,516 shares of the company’s stock worth $361,000 after purchasing an additional 4,173 shares in the last quarter.

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.