Argent Mid Cap ETF (NASDAQ:AMID – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 5,694 shares, a decline of 61.0% from the April 30th total of 14,588 shares. Based on an average daily volume of 27,372 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its position in Argent Mid Cap ETF (NASDAQ:AMID – Free Report) by 30.3% during the 2nd quarter, according to its most recent disclosure 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 comprises approximately 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 45.97% of the company’s stock.
Argent Mid Cap ETF Stock Performance
NASDAQ:AMID traded up $0.22 during midday trading on Monday, reaching $34.94. 5,796 shares of the stock traded hands, compared to its average volume of 12,414. The company has a fifty day moving average of $34.06 and a 200 day moving average of $34.20. The stock has a market capitalization of $107.27 million, a P/E ratio of -39.70 and a beta of 1.07. Argent Mid Cap ETF has a 12 month low of $31.22 and a 12 month high of $36.55.
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.
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