Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Rises By 401.7%

Argent Mid Cap ETF (NASDAQ:AMID) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 28,567 shares, a growth of 401.7% from the May 14th total of 5,694 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 7,614 shares, the days-to-cover ratio is currently 3.8 days.

Hedge Funds Weigh In On Argent Mid Cap ETF

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

Argent Mid Cap ETF Trading Down 0.0%

AMID stock traded down $0.01 during trading on Thursday, reaching $34.78. 21,839 shares of the stock were exchanged, compared to its average volume of 12,166. The firm’s 50 day moving average is $34.57 and its 200 day moving average is $34.30. The firm has a market cap of $106.77 million, a P/E ratio of -39.52 and a beta of 1.04. Argent Mid Cap ETF has a twelve month low of $31.22 and a twelve 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.