Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Drops By 49.0%

Argent Mid Cap ETF (NASDAQ:AMIDGet Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,162 shares, a drop of 49.0% from the June 30th total of 4,240 shares. Based on an average trading volume of 7,605 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Argent Mid Cap ETF

A hedge fund recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC grew its position in shares of Argent Mid Cap ETF (NASDAQ:AMIDFree Report) by 30.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF accounts for about 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent reporting period. 45.97% of the stock is currently owned by institutional investors and hedge funds.

Argent Mid Cap ETF Stock Performance

Argent Mid Cap ETF stock opened at $36.02 on Tuesday. The company has a market capitalization of $111.30 million, a P/E ratio of -40.93 and a beta of 1.02. Argent Mid Cap ETF has a fifty-two week low of $31.22 and a fifty-two week high of $36.55. The stock has a 50-day simple moving average of $35.53 and a 200-day simple moving average of $34.69.

Argent Mid Cap ETF Company Profile

(Get Free Report)

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.

Further Reading

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