Argent Mid Cap ETF (NASDAQ:AMID) Short Interest Down 89.5% in June

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,240 shares, a drop of 89.5% from the June 15th total of 40,319 shares. Based on an average daily trading volume, of 5,123 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Argent Mid Cap ETF Trading Down 0.3%

Shares of Argent Mid Cap ETF stock traded down $0.12 during trading on Friday, hitting $35.90. 7,769 shares of the stock were exchanged, compared to its average volume of 11,155. The company has a fifty day moving average price of $35.30 and a 200-day moving average price of $34.55. The stock has a market capitalization of $110.93 million, a price-to-earnings ratio of -40.80 and a beta of 1.02. Argent Mid Cap ETF has a 1-year low of $31.22 and a 1-year high of $36.55.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC grew its stake in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF accounts for 3.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 45.97% of the company’s stock.

Argent Mid Cap ETF Company Profile

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.