Argent Mid Cap ETF (NASDAQ:AMID) Sees Large Decrease in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,803 shares, a drop of 70.9% from the February 12th total of 9,619 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 4,829 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 4,829 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to the company in its most recent disclosure with the SEC. 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 accounts for 3.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Price Performance

AMID stock opened at $32.58 on Friday. Argent Mid Cap ETF has a 1-year low of $28.05 and a 1-year high of $36.55. The business has a 50-day moving average price of $34.62 and a 200 day moving average price of $34.34. The company has a market capitalization of $101.00 million, a P/E ratio of -37.02 and a beta of 1.08.

Argent Mid Cap ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. Argent Mid Cap ETF’s dividend payout ratio (DPR) is -12.50%.

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.