Short Interest in Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) Declines By 57.5%

Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 477 shares, a decline of 57.5% from the August 15th total of 1,123 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,863 shares, the short-interest ratio is presently 0.0 days.

Virtus KAR Mid-Cap ETF Trading Down 0.4%

Shares of NYSEARCA:KMID traded down $0.09 during midday trading on Monday, reaching $23.65. The company had a trading volume of 11,357 shares, compared to its average volume of 10,788. The stock has a market cap of $47.28 million, a P/E ratio of 30.72 and a beta of 0.71. The company’s 50 day moving average price is $24.98 and its 200 day moving average price is $24.84. Virtus KAR Mid-Cap ETF has a 52-week low of $23.14 and a 52-week high of $26.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allegheny Financial Group increased its stake in shares of Virtus KAR Mid-Cap ETF by 40.8% during the 1st quarter. Allegheny Financial Group now owns 620,374 shares of the company’s stock worth $14,790,000 after purchasing an additional 179,756 shares during the last quarter. Citadel Advisors LLC purchased a new position in Virtus KAR Mid-Cap ETF in the second quarter valued at approximately $495,000. Stephens Inc. AR grew its holdings in Virtus KAR Mid-Cap ETF by 43.9% during the first quarter. Stephens Inc. AR now owns 12,430 shares of the company’s stock valued at $296,000 after purchasing an additional 3,795 shares during the period. World Investment Advisors bought a new position in Virtus KAR Mid-Cap ETF during the first quarter valued at $242,000. Finally, Advisory Resource Group grew its holdings in Virtus KAR Mid-Cap ETF by 6.3% during the fourth quarter. Advisory Resource Group now owns 35,693 shares of the company’s stock valued at $870,000 after purchasing an additional 2,119 shares during the period.

About Virtus KAR Mid-Cap ETF

The Virtus KAR Mid-Cap ETF (KMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is actively managed, investing in mid-cap companies with sustainable advantages, strong management, and low financial risk, primarily focusing on US stocks. The fund aims for long-term growth of capital. KMID was launched on Oct 15, 2024 and is issued by Virtus Investment Partners.