Argent Mid Cap ETF (NASDAQ:AMID) Sees Significant Drop in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 2,803 shares, a decrease of 70.9% from the February 12th total of 9,619 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,829 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 4,829 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Argent Mid Cap ETF Stock Performance

Shares of NASDAQ AMID opened at $33.06 on Thursday. The stock has a market capitalization of $102.49 million, a P/E ratio of -37.57 and a beta of 1.08. The stock’s fifty day moving average is $34.64 and its 200 day moving average is $34.35. Argent Mid Cap ETF has a 52 week low of $28.05 and a 52 week high of $36.55.

Argent Mid Cap ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. Argent Mid Cap ETF’s dividend payout ratio is -12.50%.

Institutional Investors Weigh In On Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC grew its holdings in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF makes up about 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position. Tandem Wealth Advisors LLC owned about 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. 45.97% of the stock is currently owned by institutional investors and hedge funds.

Argent Mid Cap ETF Company Profile

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.