Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Expands By 401.7%

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 28,567 shares, an increase of 401.7% from the May 14th total of 5,694 shares. Based on an average trading volume of 7,614 shares, the short-interest ratio is presently 3.8 days. Currently, 0.9% of the company’s stock are short sold.

Argent Mid Cap ETF Trading Up 0.8%

Shares of NASDAQ:AMID opened at $35.44 on Wednesday. Argent Mid Cap ETF has a 1 year low of $31.22 and a 1 year high of $36.55. The business has a fifty day simple moving average of $34.50 and a 200 day simple moving average of $34.28. The firm has a market cap of $108.80 million, a price-to-earnings ratio of -40.27 and a beta of 1.04.

Institutional Trading of Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its position in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF comprises approximately 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.