Congress SMid Growth ETF (NYSEARCA:CSMD) Sees Large Decrease in Short Interest

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

Institutional Investors Weigh In On Congress SMid Growth ETF

A hedge fund recently raised its stake in Congress SMid Growth ETF stock. Harbor Investment Advisory LLC boosted its holdings in Congress SMid Growth ETF (NYSEARCA:CSMD) by 19.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,665 shares of the company’s stock after acquiring 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 quarter.

Congress SMid Growth ETF Trading Down 0.4%

NYSEARCA CSMD traded down $0.13 during mid-day trading on Tuesday, hitting $33.06. The company’s stock had a trading volume of 40,692 shares, compared to its average volume of 60,373. The firm has a market capitalization of $445.65 million, a price-to-earnings ratio of 27.46 and a beta of 1.18. The company’s 50 day simple moving average is $34.67 and its 200 day simple moving average is $33.79. Congress SMid Growth ETF has a twelve month low of $29.53 and a twelve month 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.