Short Interest in Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) Declines By 57.1%

Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSEARCA:SMIG) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 20,766 shares, a decline of 57.1% from the June 30th total of 48,400 shares. Based on an average daily trading volume, of 264,846 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Bahl & Gaynor Small/Mid Cap Income Growth ETF Price Performance

NYSEARCA:SMIG opened at $33.49 on Monday. The firm’s 50-day moving average price is $32.36 and its 200-day moving average price is $31.10. The company has a market capitalization of $1.54 billion, a PE ratio of 20.09 and a beta of 0.82. Bahl & Gaynor Small/Mid Cap Income Growth ETF has a 1-year low of $27.66 and a 1-year high of $33.70.

Institutional Investors Weigh In On Bahl & Gaynor Small/Mid Cap Income Growth ETF

Several hedge funds have recently bought and sold shares of SMIG. Parallel Advisors LLC grew its holdings in Bahl & Gaynor Small/Mid Cap Income Growth ETF by 735.3% in the first quarter. Parallel Advisors LLC now owns 7,935 shares of the company’s stock worth $233,000 after purchasing an additional 6,985 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF during the first quarter valued at approximately $4,127,000. Wealth Intelligence LLC bought a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth approximately $2,292,000. Cornerstone Financial Management LLC bought a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth approximately $81,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Bahl & Gaynor Small/Mid Cap Income Growth ETF in the 4th quarter worth approximately $218,000.

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.