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 growth in short interest during the month of July. As of July 31st, there was short interest totaling 27,266 shares, a growth of 1,161.1% from the July 15th total of 2,162 shares. Based on an average daily volume of 9,247 shares, the short-interest ratio is currently 2.9 days. Currently, 0.9% of the company’s shares are short sold.

Argent Mid Cap ETF Stock Up 0.8%

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

Institutional Investors Weigh In On Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC increased its position in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF comprises 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. Institutional investors and hedge funds own 45.97% of the company’s stock.

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.