Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) Sees Significant Drop in Short Interest

Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,123 shares, a decrease of 85.1% from the July 30th total of 7,562 shares. Based on an average trading volume of 11,478 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allegheny Financial Group grew its holdings in Virtus KAR Mid-Cap ETF by 40.8% during the 1st quarter. Allegheny Financial Group now owns 620,374 shares of the company’s stock worth $14,790,000 after acquiring an additional 179,756 shares during the last quarter. Advisory Resource Group raised its stake in shares of Virtus KAR Mid-Cap ETF by 6.3% during the fourth quarter. Advisory Resource Group now owns 35,693 shares of the company’s stock valued at $870,000 after acquiring an additional 2,119 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of Virtus KAR Mid-Cap ETF during the fourth quarter worth $211,000. Citadel Advisors LLC acquired a new position in Virtus KAR Mid-Cap ETF during the 3rd quarter worth about $504,000. Finally, CLG LLC acquired a new stake in shares of Virtus KAR Mid-Cap ETF in the second quarter valued at about $1,657,000.

Virtus KAR Mid-Cap ETF Price Performance

KMID stock traded up $0.12 during midday trading on Wednesday, reaching $24.98. 1,420 shares of the stock were exchanged, compared to its average volume of 10,973. Virtus KAR Mid-Cap ETF has a 52 week low of $23.14 and a 52 week high of $26.03. The company has a fifty day moving average price of $25.17 and a 200 day moving average price of $24.96. The stock has a market capitalization of $45.71 million, a PE ratio of 30.72 and a beta of 0.72.

Virtus KAR Mid-Cap ETF Company Profile

The Virtus KAR Mid-Cap ETF (KMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is actively managed, investing in mid-cap companies with sustainable advantages, strong management, and low financial risk, primarily focusing on US stocks. The fund aims for long-term growth of capital. KMID was launched on Oct 15, 2024 and is issued by Virtus Investment Partners.