Short Interest in Argent Large Cap ETF (NASDAQ:ABIG) Drops By 77.4%

Argent Large Cap ETF (NASDAQ:ABIG) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 288 shares, a decline of 77.4% from the May 14th total of 1,273 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,953 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Argent Large Cap ETF during the 2nd quarter valued at approximately $375,000. Krilogy Financial LLC bought a new position in shares of Argent Large Cap ETF during the 1st quarter valued at approximately $815,000. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Argent Large Cap ETF by 33.4% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock valued at $24,522,000 after acquiring an additional 194,301 shares during the period.

Argent Large Cap ETF Trading Up 0.1%

Shares of NASDAQ:ABIG opened at $33.57 on Wednesday. The stock has a 50 day moving average of $32.49 and a 200 day moving average of $31.86. The company has a market cap of $51.70 million, a PE ratio of 28.52 and a beta of 1.04. Argent Large Cap ETF has a 12-month low of $28.39 and a 12-month high of $34.62.

Argent Large Cap ETF Company Profile

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.