Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Stock Short Interest Declines 49.1%

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 53,505 shares, a decrease of 49.1% from the August 31st total of 105,080 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 222,882 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% during the first quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock valued at $233,000 after purchasing an additional 6,985 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF during the 1st quarter worth $4,127,000. Finally, Cornerstone Financial Management LLC purchased a new position in Bahl & Gaynor Small/Mid Cap Income Growth ETF in the fourth quarter worth $81,000.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Stock Down 0.8%

NYSEARCA:SMIG traded down $0.24 during trading hours on Wednesday, hitting $30.91. 192,390 shares of the company’s stock traded hands, compared to its average volume of 249,538. The firm has a market cap of $1.42 billion, a P/E ratio of 20.09 and a beta of 0.81. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 52 week low of $27.66 and a 52 week high of $33.70. The business’s fifty day simple moving average is $32.56 and its two-hundred day simple moving average is $31.74.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th will be issued a $0.0420 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%.

About Bahl & Gaynor Small/Mid Cap Income Growth ETF

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.