Short Interest in Small Cap Growth Alpha ETF (NASDAQ:JSML) Decreases By 82.7%

Small Cap Growth Alpha ETF (NASDAQ:JSML) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 704 shares, a decrease of 82.7% from the August 15th total of 4,067 shares. Based on an average trading volume of 12,258 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Principal Securities Inc. lifted its holdings in Small Cap Growth Alpha ETF by 3.6% during the 4th quarter. Principal Securities Inc. now owns 8,837 shares of the company’s stock worth $650,000 after buying an additional 309 shares in the last quarter. Studio Investment Management LLC grew its stake in shares of Small Cap Growth Alpha ETF by 11.7% in the fourth quarter. Studio Investment Management LLC now owns 3,559 shares of the company’s stock worth $262,000 after acquiring an additional 374 shares in the last quarter. Unified Investment Management increased its position in shares of Small Cap Growth Alpha ETF by 6.9% during the first quarter. Unified Investment Management now owns 6,228 shares of the company’s stock worth $436,000 after acquiring an additional 400 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Small Cap Growth Alpha ETF by 328.2% in the second quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $45,000 after acquiring an additional 512 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Small Cap Growth Alpha ETF by 3.7% in the second quarter. IFP Advisors Inc now owns 14,956 shares of the company’s stock valued at $1,392,000 after acquiring an additional 534 shares in the last quarter.

Small Cap Growth Alpha ETF Price Performance

NASDAQ JSML traded up $0.81 during trading hours on Friday, reaching $87.19. The company’s stock had a trading volume of 4,481 shares, compared to its average volume of 21,760. Small Cap Growth Alpha ETF has a 1-year low of $66.97 and a 1-year high of $98.01. The company’s 50-day moving average is $89.63 and its two-hundred day moving average is $83.66. The firm has a market capitalization of $361.82 million, a price-to-earnings ratio of 18.21 and a beta of 1.28.

Small Cap Growth Alpha ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were paid a $0.0463 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.19 dividend on an annualized basis and a yield of 0.2%. This is an increase from Small Cap Growth Alpha ETF’s previous quarterly dividend of $0.04.

Small Cap Growth Alpha ETF Company Profile

The Janus Henderson Small Cap Growth Alpha ETF (JSML) is an exchange-traded fund that is based on the Janus Small Cap Growth Alpha index. The fund tracks a market cap-weighted index of US small cap stocks selected by fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Venture Fund. JSML was launched on Feb 25, 2016 and is managed by Janus Henderson.