Argent Mid Cap ETF (NASDAQ:AMID) Short Interest Update

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 28,567 shares, an increase of 401.7% from the May 14th total of 5,694 shares. Based on an average daily trading volume, of 7,614 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.9% of the shares of the stock are short sold.

Argent Mid Cap ETF Stock Performance

AMID traded up $0.28 during trading on Friday, reaching $36.00. 11,756 shares of the company traded hands, compared to its average volume of 12,085. Argent Mid Cap ETF has a 12-month low of $31.22 and a 12-month high of $36.55. The firm has a fifty day simple moving average of $34.64 and a 200 day simple moving average of $34.31. The company has a market cap of $110.52 million, a P/E ratio of -40.91 and a beta of 1.04.

Institutional Inflows and Outflows

An institutional investor 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:AMID) by 30.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the quarter. Argent Mid Cap ETF comprises approximately 3.0% of Tandem Wealth Advisors LLC’s holdings, 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 currently owned by hedge funds and other institutional investors.

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.