Short Interest in Argent Large Cap ETF (NASDAQ:ABIG) Grows By 1,384.6%

Argent Large Cap ETF (NASDAQ:ABIG) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,949 shares, a growth of 1,384.6% from the March 31st total of 266 shares. Based on an average daily volume of 4,233 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of Argent Large Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABIG. Moneta Group Investment Advisors LLC boosted its holdings in shares of Argent Large Cap ETF by 33.4% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock valued at $24,522,000 after buying an additional 194,301 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Argent Large Cap ETF during the 1st quarter valued at $815,000. Finally, Jane Street Group LLC bought a new stake in shares of Argent Large Cap ETF during the 2nd quarter valued at $375,000.

Argent Large Cap ETF Stock Performance

Shares of Argent Large Cap ETF stock opened at $32.71 on Friday. Argent Large Cap ETF has a 52-week low of $27.11 and a 52-week high of $32.99. The stock has a market capitalization of $49.72 million, a price-to-earnings ratio of 28.52 and a beta of 1.03. The company’s 50 day moving average price is $30.55 and its 200-day moving average price is $31.47.

Argent Large Cap ETF Company Profile

The Argent Large Cap ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in approximately 30 to 35 large-cap U.S. companies. The fund focuses on “Enduring Businesses” with durable competitive advantages, consistent cash flow growth, and management teams with proven track records of value creation.