Congress SMid Growth ETF (NYSEARCA:CSMD) Short Interest Down 53.3% in August

Congress SMid Growth ETF (NYSEARCA:CSMD) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 17,698 shares, a decline of 53.3% from the July 30th total of 37,898 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 52,530 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Congress SMid Growth ETF

An institutional investor recently raised its position in Congress SMid Growth ETF stock. Integrated Wealth Concepts LLC lifted its position in shares of Congress SMid Growth ETF (NYSEARCA:CSMD) by 17.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,625 shares of the company’s stock after purchasing an additional 16,371 shares during the quarter. Integrated Wealth Concepts LLC owned 0.97% of Congress SMid Growth ETF worth $3,752,000 as of its most recent SEC filing.

Congress SMid Growth ETF Stock Down 2.4%

Shares of CSMD traded down $0.84 during mid-day trading on Friday, reaching $34.42. The company had a trading volume of 19,828 shares, compared to its average volume of 61,980. The stock has a market capitalization of $463.98 million, a P/E ratio of 27.46 and a beta of 1.18. Congress SMid Growth ETF has a 52-week low of $29.53 and a 52-week high of $37.04. The stock has a 50 day moving average of $35.12 and a two-hundred day moving average of $33.78.

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.