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

Argent Large Cap ETF (NASDAQ:ABIG) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 954 shares, a growth of 445.1% from the June 15th total of 175 shares. Based on an average daily volume of 845 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Argent Large Cap ETF

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Argent Large Cap ETF in the second quarter valued at $375,000. Krilogy Financial LLC bought a new position in Argent Large Cap ETF in the first quarter valued at approximately $815,000. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Argent Large Cap ETF by 33.4% during the third quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock worth $24,522,000 after purchasing an additional 194,301 shares during the period.

Argent Large Cap ETF Price Performance

ABIG traded up $0.19 on Friday, hitting $34.84. The company had a trading volume of 349 shares, compared to its average volume of 5,310. The company’s fifty day moving average price is $33.84 and its 200 day moving average price is $32.19. The stock has a market cap of $56.44 million, a price-to-earnings ratio of 28.52 and a beta of 0.99. Argent Large Cap ETF has a 1-year low of $28.39 and a 1-year high of $34.84.

Argent Large Cap ETF Company Profile

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.