Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) Sees Large Growth in Short Interest

Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 7,562 shares, a growth of 340.4% from the July 15th total of 1,717 shares. Based on an average daily trading volume, of 9,987 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Virtus KAR Mid-Cap ETF Trading Up 0.1%

NYSEARCA:KMID traded up $0.02 during mid-day trading on Wednesday, reaching $25.55. The company’s stock had a trading volume of 16,998 shares, compared to its average volume of 10,970. The stock has a market cap of $46.76 million, a P/E ratio of 30.72 and a beta of 0.72. The firm’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $24.97. Virtus KAR Mid-Cap ETF has a 12-month low of $23.14 and a 12-month high of $26.03.

Institutional Investors Weigh In On Virtus KAR Mid-Cap ETF

A number of hedge funds have recently added to or reduced their stakes in KMID. Advisory Resource Group grew its stake in shares of Virtus KAR Mid-Cap ETF by 6.3% during the 4th 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. Stephens Inc. AR lifted its stake in shares of Virtus KAR Mid-Cap ETF by 43.9% in the 1st quarter. Stephens Inc. AR now owns 12,430 shares of the company’s stock worth $296,000 after purchasing an additional 3,795 shares during the period. Keystone Financial Services LLC boosted its holdings in shares of Virtus KAR Mid-Cap ETF by 2.7% in the fourth quarter. Keystone Financial Services LLC now owns 181,145 shares of the company’s stock worth $4,416,000 after buying an additional 4,788 shares during the last quarter. World Investment Advisors purchased a new position in shares of Virtus KAR Mid-Cap ETF in the first quarter worth approximately $242,000. Finally, Citadel Advisors LLC bought a new stake in Virtus KAR Mid-Cap ETF during the third quarter valued at approximately $504,000.

Virtus KAR Mid-Cap ETF Company Profile

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.