JMID Stock Summary and Trading Ideas (Janus Henderson Mid Cap Growth Alpha ETF | NASDAQ:JMID)

Janus Henderson Mid Cap Growth Alpha ETF seeks to provide long-term growth of capital. The fund invests in equity securities of mid-capitalization ("mid cap") companies selected for their growth potential. For purposes of the 80% policy, the Fund considers mid cap companies to be those whose market capitalization falls within the range of the Russell Midcap Growth Index. The Fund uses an active, systematic strategy designed to select mid-sized capitalization growth stocks using a proprietary quantitative methodology. The Fund seeks to generate alpha and maximize expected excess returns by utilizing a set of proprietary factors or signals based on fundamental research. Alpha is a measure of how much the Fund outperforms relative to its performance benchmark index. The Fund utilizes portfolio optimization techniques to manage risk by maintaining characteristics that are similar to those of the performance benchmark index and to evaluate security combinations and weightings in an effort to construct the portfolio given the Fund's performance benchmark index and target risk objective.

Janus Henderson Mid Cap Growth Alpha ETF trades on the NASDAQ stock market under the symbol JMID.

As of December 13, 2024, JMID stock price was flat at $29.31 with 111 million shares trading.

JMID has a market cap of $16.12 million. This is considered a Sub-Micro Cap stock.

JMID support price is $29.08 and resistance is $29.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JMID shares will trade within this expected range on the day.