Argent Large Cap ETF (NASDAQ:ABIG) Sees Large Increase in Short Interest

Argent Large Cap ETF (NASDAQ:ABIG) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,273 shares, an increase of 3,878.1% from the April 30th total of 32 shares. Based on an average daily volume of 8,247 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Argent Large Cap ETF Price Performance

Shares of NASDAQ ABIG remained flat at $33.76 during trading on Wednesday. 2,166 shares of the stock traded hands, compared to its average volume of 6,405. The firm’s fifty day simple moving average is $31.66 and its two-hundred day simple moving average is $31.70. Argent Large Cap ETF has a 1-year low of $28.39 and a 1-year high of $34.03. The firm has a market capitalization of $51.99 million, a price-to-earnings ratio of 28.52 and a beta of 1.08.

Institutional Trading of Argent Large Cap ETF

Several institutional investors have recently modified their holdings of the stock. Krilogy Financial LLC acquired a new stake in shares of Argent Large Cap ETF in the first quarter valued at about $815,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Argent Large Cap ETF by 23.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 957,663 shares of the company’s stock worth $30,654,000 after buying an additional 182,174 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Argent Large Cap ETF in the second quarter worth about $375,000.

About Argent Large Cap ETF

The Argent Large Cap ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in approximately 30 to 35 large-cap U.S. companies. The fund focuses on “Enduring Businesses” with durable competitive advantages, consistent cash flow growth, and management teams with proven track records of value creation.