Congress SMid Growth ETF (NYSEARCA:CSMD) Short Interest Down 50.9% in August

Congress SMid Growth ETF (NYSEARCA:CSMD) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,692 shares, a decline of 50.9% from the August 15th total of 17,698 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 36,821 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Congress SMid Growth ETF

A hedge fund recently raised its stake in Congress SMid Growth ETF stock. Harbor Investment Advisory LLC raised its stake in Congress SMid Growth ETF (NYSEARCA:CSMD) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,665 shares of the company’s stock after purchasing an additional 425 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Congress SMid Growth ETF were worth $82,000 at the end of the most recent reporting period.

Congress SMid Growth ETF Price Performance

Shares of NYSEARCA:CSMD traded down $0.01 on Wednesday, reaching $33.05. The company’s stock had a trading volume of 25,577 shares, compared to its average volume of 60,176. The stock’s 50-day moving average is $34.59 and its two-hundred day moving average is $33.77. Congress SMid Growth ETF has a 52-week low of $29.53 and a 52-week high of $37.04. The stock has a market capitalization of $445.51 million, a P/E ratio of 27.46 and a beta of 1.18.

About Congress SMid Growth ETF

The Congress SMid Growth ETF (CSMD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth. CSMD was launched on Aug 22, 2023 and is issued by Congress.