Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Declines By 49.0%

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,162 shares, a decline of 49.0% from the June 30th total of 4,240 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 7,605 shares, the days-to-cover ratio is currently 0.3 days.

Argent Mid Cap ETF Stock Performance

Shares of NASDAQ:AMID traded up $0.03 during midday trading on Wednesday, reaching $35.93. 18,949 shares of the company’s stock were exchanged, compared to its average volume of 10,955. The company’s 50 day simple moving average is $35.57 and its two-hundred day simple moving average is $34.70. The firm has a market capitalization of $111.02 million, a PE ratio of -40.83 and a beta of 1.02. Argent Mid Cap ETF has a 12 month low of $31.22 and a 12 month high of $36.55.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its stake in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after purchasing 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 largest holding. Tandem Wealth Advisors LLC owned approximately 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.

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.