Congress SMid Growth ETF (NYSEARCA:CSMD) Short Interest Up 369.9% in May

Congress SMid Growth ETF (NYSEARCA:CSMD) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 37,243 shares, an increase of 369.9% from the April 30th total of 7,926 shares. Based on an average daily trading volume, of 51,346 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Congress SMid Growth ETF

A number of institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC lifted its position in Congress SMid Growth ETF by 19.0% during the first quarter. Harbor Investment Advisory LLC now owns 2,665 shares of the company’s stock valued at $82,000 after purchasing an additional 425 shares during the period. Congress Asset Management Co. lifted its position in Congress SMid Growth ETF by 9.2% during the fourth quarter. Congress Asset Management Co. now owns 82,107 shares of the company’s stock valued at $2,596,000 after purchasing an additional 6,943 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Congress SMid Growth ETF by 17.0% during the third quarter. Integrated Wealth Concepts LLC now owns 112,625 shares of the company’s stock valued at $3,752,000 after purchasing an additional 16,371 shares during the period.

Congress SMid Growth ETF Stock Performance

Shares of NYSEARCA:CSMD traded up $0.40 during trading on Friday, reaching $34.63. 31,330 shares of the stock traded hands, compared to its average volume of 75,748. The stock has a 50-day moving average of $32.48 and a two-hundred day moving average of $32.70. Congress SMid Growth ETF has a 52-week low of $29.53 and a 52-week high of $35.38. The stock has a market cap of $465.77 million, a P/E ratio of 27.46 and a beta of 1.18.

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.