Short Interest in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Drops By 42.0%

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 8,240 shares, a drop of 42.0% from the May 31st total of 14,197 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 103,837 shares, the short-interest ratio is presently 0.1 days.

Small/Mid Cap Growth Alpha ETF Price Performance

NASDAQ:JSMD traded down $2.87 during mid-day trading on Thursday, reaching $97.15. The stock had a trading volume of 57,331 shares, compared to its average volume of 80,731. 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 50 day simple moving average is $94.03 and its two-hundred day simple moving average is $87.41. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JSMD. Royal Bank of Canada lifted its holdings in Small/Mid Cap Growth Alpha ETF by 17.4% in the first quarter. Royal Bank of Canada now owns 118,522 shares of the company’s stock worth $8,295,000 after purchasing an additional 17,590 shares during the period. Jane Street Group LLC lifted its stake in shares of Small/Mid Cap Growth Alpha ETF by 19.0% in the 1st quarter. Jane Street Group LLC now owns 14,913 shares of the company’s stock worth $1,044,000 after acquiring an additional 2,384 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of Small/Mid Cap Growth Alpha ETF by 682.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 23,339 shares of the company’s stock worth $1,812,000 after acquiring an additional 20,358 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 2.2% in the second quarter. Raymond James Financial Inc. now owns 296,929 shares of the company’s stock valued at $23,057,000 after acquiring an additional 6,264 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 83.0% in the second quarter. Ameriprise Financial Inc. now owns 140,075 shares of the company’s stock valued at $10,877,000 after acquiring an additional 63,532 shares in the last quarter.

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.