Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Decreases By 67.0%

Argent Mid Cap ETF (NASDAQ:AMID) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,002 shares, a drop of 67.0% from the July 30th total of 27,266 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,931 shares, the short-interest ratio is currently 1.0 days.

Argent Mid Cap ETF Price Performance

Shares of AMID stock traded down $0.59 during trading hours on Friday, reaching $36.51. 5,392 shares of the company were exchanged, compared to its average volume of 10,653. Argent Mid Cap ETF has a fifty-two week low of $31.22 and a fifty-two week high of $37.82. The stock’s fifty day moving average is $36.27 and its two-hundred day moving average is $34.99. The company has a market cap of $112.82 million, a price-to-earnings ratio of -41.49 and a beta of 1.02.

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 boosted its holdings in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF comprises about 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. 45.97% of the stock is owned by institutional investors and hedge funds.

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.