Argent Mid Cap ETF (NASDAQ:AMID) Short Interest Up 1,317.4% in April

Argent Mid Cap ETF (NASDAQ:AMID) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 10,531 shares, an increase of 1,317.4% from the March 31st total of 743 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 8,290 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its position in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF comprises about 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent reporting period. 45.97% of the stock is owned by institutional investors and hedge funds.

Argent Mid Cap ETF Price Performance

NASDAQ:AMID traded down $0.03 on Friday, reaching $35.23. The stock had a trading volume of 6,515 shares, compared to its average volume of 11,068. The company has a market cap of $107.45 million, a price-to-earnings ratio of -40.03 and a beta of 1.08. The firm’s fifty day moving average is $33.66 and its two-hundred day moving average is $34.11. Argent Mid Cap ETF has a 12-month low of $31.04 and a 12-month high of $36.55.

Argent Mid Cap ETF Company Profile

The Argent Mid Cap ETF Argent Mid Cap ETF (AMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed ETF that provides exposure to US mid-cap stocks perceived to be undergoing positive change. The fund employs a multi-step selection process based on quantitative and fundamental research. AMID was launched on Aug 17, 2022 and is managed by Alpha Architect.