Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Short Interest Up 203.4% in July

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 29,373 shares, a growth of 203.4% from the June 30th total of 9,682 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 84,546 shares, the days-to-cover ratio is presently 0.3 days.

Small/Mid Cap Growth Alpha ETF Stock Down 1.6%

Shares of Small/Mid Cap Growth Alpha ETF stock traded down $1.52 during trading on Tuesday, reaching $93.23. 92,133 shares of the stock were exchanged, compared to its average volume of 80,543. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 19.08 and a beta of 1.14. Small/Mid Cap Growth Alpha ETF has a 1 year low of $75.30 and a 1 year high of $101.70. The stock’s fifty day moving average is $96.10 and its 200 day moving average is $89.12.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.0819 per share. This is a positive change from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, June 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JSMD. Rise Advisors LLC raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 34.1% in the second quarter. Rise Advisors LLC now owns 257,207 shares of the company’s stock worth $26,039,000 after purchasing an additional 65,445 shares during the last quarter. Allied Private Wealth LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the second quarter valued at about $2,145,000. Western Wealth Management LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF in the first quarter valued at $1,237,000. Southern Financial Group LLC raised its position 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 valued at $34,856,000 after buying an additional 6,789 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Small/Mid Cap Growth Alpha ETF by 886.2% during the first quarter. NewEdge Advisors LLC now owns 45,935 shares of the company’s stock valued at $3,645,000 after purchasing an additional 41,277 shares during the period.

Small/Mid Cap Growth Alpha ETF Company Profile

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.