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

Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 447 shares, a drop of 43.8% from the June 15th total of 795 shares. Based on an average daily volume of 4,671 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Virtus KAR Mid-Cap ETF Trading Up 1.3%

NYSEARCA KMID traded up $0.32 on Thursday, reaching $25.54. 7,339 shares of the company were exchanged, compared to its average volume of 10,990. The business’s fifty day moving average price is $24.84 and its 200 day moving average price is $24.94. The stock has a market capitalization of $47.25 million, a P/E ratio of 30.72 and a beta of 0.73. Virtus KAR Mid-Cap ETF has a fifty-two week low of $23.14 and a fifty-two week high of $26.03.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stephens Inc. AR boosted its position in shares of Virtus KAR Mid-Cap ETF by 43.9% during the 1st quarter. Stephens Inc. AR now owns 12,430 shares of the company’s stock valued at $296,000 after acquiring an additional 3,795 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Virtus KAR Mid-Cap ETF in the first quarter valued at about $242,000. Allegheny Financial Group increased its position in Virtus KAR Mid-Cap ETF by 40.8% during the first 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. Advisory Resource Group raised its stake 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 worth $870,000 after purchasing an additional 2,119 shares during the period. Finally, Keystone Financial Services LLC raised its stake in Virtus KAR Mid-Cap ETF by 2.7% during the fourth quarter. Keystone Financial Services LLC now owns 181,145 shares of the company’s stock worth $4,416,000 after purchasing an additional 4,788 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.