Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Sees Significant Increase in Short Interest

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 17,152 shares, a growth of 383.4% from the July 15th total of 3,548 shares. Based on an average daily volume of 109,464 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Bahl & Gaynor Income Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BGIG. Janney Montgomery Scott LLC acquired a new position in Bahl & Gaynor Income Growth ETF during the first quarter worth $933,000. Arkadios Wealth Advisors acquired a new stake in Bahl & Gaynor Income Growth ETF in the 1st quarter valued at $787,000. Lcnb Corp acquired a new position in shares of Bahl & Gaynor Income Growth ETF during the 4th quarter worth about $226,000. Anchor Investment Management LLC bought a new position in shares of Bahl & Gaynor Income Growth ETF in the 1st quarter valued at about $126,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Bahl & Gaynor Income Growth ETF in the first quarter valued at about $80,000.

Bahl & Gaynor Income Growth ETF Trading Up 0.2%

Shares of BGIG stock traded up $0.08 during trading hours on Wednesday, hitting $37.55. 43,973 shares of the company were exchanged, compared to its average volume of 99,109. The business has a 50 day moving average of $36.00 and a two-hundred day moving average of $34.82. Bahl & Gaynor Income Growth ETF has a 52 week low of $30.89 and a 52 week high of $37.56. The company has a market capitalization of $2.27 billion, a PE ratio of 22.85 and a beta of 0.53.

About Bahl & Gaynor Income Growth ETF

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.