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

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,531 shares, an increase of 1,317.4% from the March 31st total of 743 shares. Based on an average daily volume of 8,290 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold.

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 holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the 2nd quarter, according to the company in its most recent 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 makes up about 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. Institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Stock Down 0.1%

Shares of AMID stock opened at $35.23 on Friday. The business has a 50-day moving average price of $33.67 and a two-hundred day moving average price of $34.12. Argent Mid Cap ETF has a 12-month low of $31.04 and a 12-month high of $36.55. The firm has a market cap of $107.45 million, a P/E ratio of -40.03 and a beta of 1.08.

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.