Argent Mid Cap ETF (NASDAQ:AMID) Short Interest Up 1,290.1% in January

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 50,281 shares, an increase of 1,290.1% from the December 31st total of 3,617 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 12,367 shares, the days-to-cover ratio is currently 4.1 days. Based on an average daily trading volume, of 12,367 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC lifted its holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the period. Argent Mid Cap ETF makes up about 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent SEC filing. Institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Stock Performance

Shares of AMID traded up $0.04 during midday trading on Tuesday, hitting $35.09. 8,804 shares of the stock traded hands, compared to its average volume of 12,518. Argent Mid Cap ETF has a 1-year low of $28.05 and a 1-year high of $36.16. The firm has a market capitalization of $107.73 million, a PE ratio of -39.88 and a beta of 1.08. The business’s 50 day moving average price is $34.39 and its two-hundred day moving average price is $34.24.

Argent Mid Cap ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. Argent Mid Cap ETF’s payout ratio is presently -12.50%.

Argent Mid Cap ETF Company Profile

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.