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

Argent Mid Cap ETF (NASDAQ:AMID) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 9,619 shares, a decrease of 27.4% from the January 29th total of 13,254 shares. Based on an average daily volume of 8,463 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 8,463 shares, the short-interest ratio is presently 1.1 days.

Argent Mid Cap ETF Price Performance

NASDAQ:AMID opened at $34.34 on Friday. The company has a market capitalization of $106.45 million, a P/E ratio of -39.02 and a beta of 1.08. Argent Mid Cap ETF has a 1 year low of $28.05 and a 1 year high of $36.55. The business has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $34.38.

Argent Mid Cap ETF Announces Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its holdings in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the quarter. Argent Mid Cap ETF comprises 3.0% of Tandem Wealth Advisors LLC’s investment 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 SEC filing. 45.97% of the stock is owned by hedge funds and other institutional investors.

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.