Argent Mid Cap ETF (NASDAQ:AMID) Sees Significant Decrease in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,971 shares, a decline of 88.7% from the September 15th total of 26,210 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,547 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Argent Mid Cap ETF stock. Argent Capital Management LLC purchased a new stake in Argent Mid Cap ETF (NASDAQ:AMID) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,915 shares of the company’s stock, valued at approximately $433,000. Argent Capital Management LLC owned approximately 0.37% of Argent Mid Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Trading Up 1.3%

Shares of NASDAQ AMID opened at $37.27 on Friday. Argent Mid Cap ETF has a twelve month low of $31.22 and a twelve month high of $37.82. The firm has a 50-day moving average of $36.58 and a two-hundred day moving average of $35.50. The company has a market capitalization of $118.88 million, a price-to-earnings ratio of -42.35 and a beta of 1.02.

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.