Argent Mid Cap ETF (NASDAQ:AMID) Sees Large Decline in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,619 shares, a decrease of 27.4% from the January 29th total of 13,254 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 8,463 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 8,463 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF makes up approximately 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent SEC filing. 45.97% of the stock is currently owned by institutional investors.

Argent Mid Cap ETF Stock Down 1.4%

Shares of NASDAQ:AMID opened at $34.34 on Monday. Argent Mid Cap ETF has a fifty-two week low of $28.05 and a fifty-two week high of $36.55. The firm’s 50-day simple moving average is $34.70 and its 200-day simple moving average is $34.38. The company has a market cap of $106.45 million, a price-to-earnings ratio of -39.02 and a beta of 1.08.

Argent Mid Cap ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 23rd. Argent Mid Cap ETF’s payout ratio is presently -12.50%.

About Argent Mid Cap ETF

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.