Argent Large Cap ETF (NASDAQ:ABIG) Sees Large Growth in Short Interest

Argent Large Cap ETF (NASDAQ:ABIG) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 779 shares, an increase of 106.6% from the July 30th total of 377 shares. Based on an average trading volume of 1,541 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Argent Large Cap ETF

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Argent Large Cap ETF during the second quarter valued at $375,000. Krilogy Financial LLC purchased a new stake in shares of Argent Large Cap ETF in the first quarter worth approximately $815,000. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Argent Large Cap ETF by 23.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 957,663 shares of the company’s stock worth $30,654,000 after purchasing an additional 182,174 shares during the last quarter.

Argent Large Cap ETF Stock Performance

Shares of ABIG stock opened at $35.32 on Friday. The stock has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $32.87. The firm has a market capitalization of $57.92 million, a PE ratio of 28.52 and a beta of 0.97. Argent Large Cap ETF has a 52-week low of $28.39 and a 52-week high of $36.48.

About Argent Large Cap ETF

The Argent Large Cap ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in approximately 30 to 35 large-cap U.S. companies. The fund focuses on “Enduring Businesses” with durable competitive advantages, consistent cash flow growth, and management teams with proven track records of value creation.