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

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

Argent Large Cap ETF Price Performance

Shares of NASDAQ ABIG remained flat at $33.95 during mid-day trading on Friday. The stock had a trading volume of 250 shares, compared to its average volume of 6,343. The firm’s 50 day simple moving average is $31.73 and its two-hundred day simple moving average is $31.71. Argent Large Cap ETF has a 1 year low of $28.39 and a 1 year high of $34.03. The company has a market cap of $52.28 million, a price-to-earnings ratio of 28.52 and a beta of 1.08.

Hedge Funds Weigh In On Argent Large Cap ETF

Institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its stake in Argent Large Cap ETF by 33.4% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock worth $24,522,000 after purchasing an additional 194,301 shares in the last quarter. Krilogy Financial LLC purchased a new position in shares of Argent Large Cap ETF during the first quarter valued at about $815,000. Finally, Jane Street Group LLC bought a new stake in shares of Argent Large Cap ETF in the second quarter worth about $375,000.

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.