Short Interest in Argent Mid Cap ETF (NASDAQ:AMID) Rises By 1,161.1%

Argent Mid Cap ETF (NASDAQ:AMID) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 27,266 shares, an increase of 1,161.1% from the July 15th total of 2,162 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 9,247 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its stake in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF makes up 3.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 45.97% of the stock is owned by hedge funds and other institutional investors.

Argent Mid Cap ETF Stock Up 0.8%

NASDAQ:AMID traded up $0.29 on Tuesday, reaching $37.29. The company’s stock had a trading volume of 7,926 shares, compared to its average volume of 10,976. Argent Mid Cap ETF has a 12-month low of $31.22 and a 12-month high of $37.32. The stock has a 50 day moving average price of $35.91 and a 200 day moving average price of $34.79. The firm has a market cap of $115.23 million, a price-to-earnings ratio of -42.38 and a beta of 1.02.

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.