Congress SMid Growth ETF (NYSEARCA:CSMD) Sees Significant Decline in Short Interest

Congress SMid Growth ETF (NYSEARCA:CSMD) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 36,864 shares, a drop of 53.4% from the May 31st total of 79,113 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 36,735 shares, the days-to-cover ratio is currently 1.0 days.

Congress SMid Growth ETF Stock Performance

NYSEARCA CSMD traded up $0.70 on Tuesday, hitting $36.49. 46,423 shares of the stock were exchanged, compared to its average volume of 69,773. The stock has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $33.17. The firm has a market capitalization of $490.79 million, a P/E ratio of 27.46 and a beta of 1.20. Congress SMid Growth ETF has a 52-week low of $29.53 and a 52-week high of $36.50.

Hedge Funds Weigh In On Congress SMid Growth ETF

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Congress SMid Growth ETF by 8.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 122,535 shares of the company’s stock valued at $3,875,000 after purchasing an additional 9,910 shares during the last quarter. Congress Asset Management Co. raised its position in Congress SMid Growth ETF by 9.2% in the 4th quarter. Congress Asset Management Co. now owns 82,107 shares of the company’s stock worth $2,596,000 after purchasing an additional 6,943 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in Congress SMid Growth ETF by 19.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,665 shares of the company’s stock worth $82,000 after purchasing an additional 425 shares during the last quarter.

About Congress SMid Growth ETF

The Congress SMid Growth ETF (CSMD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth. CSMD was launched on Aug 22, 2023 and is issued by Congress.