Congress SMid Growth ETF (NYSEARCA:CSMD) Short Interest Down 53.4% in June

Congress SMid Growth ETF (NYSEARCA:CSMD) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 36,864 shares, a decline of 53.4% from the May 31st total of 79,113 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 36,735 shares, the short-interest ratio is presently 1.0 days.

Congress SMid Growth ETF Price Performance

Shares of NYSEARCA:CSMD traded down $0.34 during midday trading on Wednesday, hitting $36.15. The company had a trading volume of 46,616 shares, compared to its average volume of 69,586. Congress SMid Growth ETF has a twelve month low of $29.53 and a twelve month high of $36.64. The stock has a market cap of $486.22 million, a price-to-earnings ratio of 27.46 and a beta of 1.20. The business’s 50-day simple moving average is $34.08 and its 200-day simple moving average is $33.20.

Institutional Trading of Congress SMid Growth ETF

Several large investors have recently added to or reduced their stakes in CSMD. Integrated Wealth Concepts LLC raised its holdings in Congress SMid Growth ETF by 8.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 122,535 shares of the company’s stock valued at $3,875,000 after buying an additional 9,910 shares during the period. Congress Asset Management Co. boosted its stake in Congress SMid Growth ETF by 9.2% during the fourth quarter. Congress Asset Management Co. now owns 82,107 shares of the company’s stock worth $2,596,000 after buying an additional 6,943 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in Congress SMid Growth ETF by 19.0% during the first quarter. Harbor Investment Advisory LLC now owns 2,665 shares of the company’s stock worth $82,000 after buying an additional 425 shares during the period.

Congress SMid Growth ETF Company Profile

The Congress SMid Growth ETF (CSMD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth. CSMD was launched on Aug 22, 2023 and is issued by Congress.