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

Argent Mid Cap ETF (NASDAQ:AMID) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,803 shares, a decline of 70.9% from the February 12th total of 9,619 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,829 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 4,829 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its stake in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the quarter. Argent Mid Cap ETF makes up approximately 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 45.97% of the company’s stock.

Argent Mid Cap ETF Stock Performance

Shares of AMID opened at $33.20 on Wednesday. The business’s 50-day moving average is $34.65 and its two-hundred day moving average is $34.36. The company has a market capitalization of $102.92 million, a P/E ratio of -37.73 and a beta of 1.08. Argent Mid Cap ETF has a fifty-two week low of $28.05 and a fifty-two week high of $36.55.

Argent Mid Cap ETF Announces Dividend

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

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.