Congress SMid Growth ETF (NYSEARCA:CSMD) Stock Short Interest Rises 600.7%

Congress SMid Growth ETF (NYSEARCA:CSMD) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 12,298 shares, a growth of 600.7% from the September 30th total of 1,755 shares. Based on an average daily trading volume, of 33,566 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Congress SMid Growth ETF

An institutional investor recently raised its stake in Congress SMid Growth ETF stock. Harbor Investment Advisory LLC boosted its position in Congress SMid Growth ETF (NYSEARCA:CSMD) by 19.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 Stock Up 0.6%

NYSEARCA:CSMD opened at $34.24 on Tuesday. The stock has a market cap of $478.40 million, a price-to-earnings ratio of 27.46 and a beta of 1.18. The company’s 50 day moving average price is $34.22 and its 200-day moving average price is $33.80. Congress SMid Growth ETF has a 52 week low of $29.53 and a 52 week high of $37.04.

Congress SMid Growth ETF Company Profile

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.