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

Argent Mid Cap ETF (NASDAQ:AMID) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,010 shares, a growth of 114.4% from the February 26th total of 2,803 shares. Based on an average trading volume of 6,666 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC lifted its position in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the period. 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 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Stock Up 0.6%

AMID opened at $32.73 on Thursday. The stock has a market cap of $101.46 million, a PE ratio of -37.19 and a beta of 1.08. Argent Mid Cap ETF has a 52 week low of $28.05 and a 52 week high of $36.55. The business’s fifty day simple moving average is $34.21 and its 200 day simple moving average is $34.20.

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.