Argent Mid Cap ETF (NASDAQ:AMID) Short Interest Down 89.5% in June

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,240 shares, a decline of 89.5% from the June 15th total of 40,319 shares. Based on an average daily trading volume, of 5,123 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Argent Mid Cap ETF Price Performance

Shares of NASDAQ AMID traded down $0.12 during trading hours on Friday, hitting $35.90. 7,769 shares of the stock were exchanged, compared to its average volume of 11,155. The firm has a market capitalization of $110.93 million, a P/E ratio of -40.80 and a beta of 1.02. Argent Mid Cap ETF has a one year low of $31.22 and a one year high of $36.55. The company’s 50 day moving average is $35.30 and its 200 day moving average is $34.55.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its position 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 Securities & Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the quarter. Argent Mid Cap ETF accounts for 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 45.97% of the company’s stock.

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.