Short Interest in Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Grows By 267.7%

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 77,250 shares, an increase of 267.7% from the May 14th total of 21,009 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 154,581 shares, the days-to-cover ratio is presently 0.5 days.

Bahl & Gaynor Income Growth ETF Trading Up 0.7%

BGIG stock traded up $0.23 during midday trading on Friday, hitting $35.58. The stock had a trading volume of 136,174 shares, compared to its average volume of 96,328. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 22.85 and a beta of 0.55. Bahl & Gaynor Income Growth ETF has a 52 week low of $29.77 and a 52 week high of $35.66. The stock has a 50-day simple moving average of $34.73 and a 200 day simple moving average of $33.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BGIG. AdvisorNet Financial Inc bought a new position in Bahl & Gaynor Income Growth ETF in the first quarter worth $80,000. Anchor Investment Management LLC acquired a new position in Bahl & Gaynor Income Growth ETF during the first quarter worth $126,000. Lcnb Corp acquired a new position in Bahl & Gaynor Income Growth ETF during the fourth quarter worth $226,000. Arkadios Wealth Advisors acquired a new position in Bahl & Gaynor Income Growth ETF during the first quarter worth $787,000. Finally, Janney Montgomery Scott LLC acquired a new position in Bahl & Gaynor Income Growth ETF during the first quarter worth $933,000.

Bahl & Gaynor Income Growth ETF Company Profile

The Bahl & Gaynor Income Growth ETF (BGIG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large cap companies with a reliable dividend stream. The fund uses a bottom-up approach to select companies that are perceived to have strong fundamentals BGIG was launched on Sep 15, 2023 and is issued by Bahl & Gaynor.