Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Unusually-High Trading Volume – What’s Next?

Shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw unusually-high trading volume on Monday . Approximately 168,648 shares traded hands during mid-day trading, an increase of 300% from the previous session’s volume of 42,174 shares.The stock last traded at $81.0550 and had previously closed at $79.46.

Small/Mid Cap Growth Alpha ETF Trading Up 2.1%

The company has a market capitalization of $726.11 million, a PE ratio of 19.08 and a beta of 1.11. The stock’s 50-day moving average is $83.24 and its two-hundred day moving average is $80.04.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.122 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of Small/Mid Cap Growth Alpha ETF

Hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new stake in Small/Mid Cap Growth Alpha ETF during the 1st quarter valued at about $497,000. Farther Finance Advisors LLC boosted its holdings in Small/Mid Cap Growth Alpha ETF by 8.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,166 shares of the company’s stock valued at $401,000 after purchasing an additional 394 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Small/Mid Cap Growth Alpha ETF by 5.9% in the 1st quarter. Raymond James Financial Inc. now owns 290,665 shares of the company’s stock valued at $20,344,000 after buying an additional 16,072 shares during the period. Cetera Investment Advisers raised its position in shares of Small/Mid Cap Growth Alpha ETF by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 4,366 shares of the company’s stock valued at $306,000 after buying an additional 423 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Small/Mid Cap Growth Alpha ETF by 6.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 54,634 shares of the company’s stock valued at $4,242,000 after buying an additional 3,395 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.