Argent Mid Cap ETF (NASDAQ:AMID) Sees Significant Decline in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a significant decline in short interest during 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. Based on an average trading volume of 7,605 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its stake in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF accounts for 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission. 45.97% of the stock is currently owned by hedge funds and other institutional investors.

Argent Mid Cap ETF Stock Performance

Shares of AMID remained flat at $35.25 during trading on Thursday. The company’s stock had a trading volume of 9,161 shares, compared to its average volume of 10,942. The business’s fifty day moving average price is $35.59 and its two-hundred day moving average price is $34.71. The company has a market cap of $108.92 million, a P/E ratio of -40.06 and a beta of 1.02. Argent Mid Cap ETF has a one year low of $31.22 and a one year high of $36.55.

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.