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

Congress SMid Growth ETF (NYSEARCA:CSMD) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,755 shares, a decrease of 69.6% from the September 15th total of 5,765 shares. Based on an average daily trading volume, of 31,823 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Congress SMid Growth ETF Stock Down 0.8%

Shares of NYSEARCA:CSMD traded down $0.28 during trading on Monday, reaching $34.40. 27,478 shares of the company traded hands, compared to its average volume of 57,535. The firm has a fifty day simple moving average of $34.57 and a 200 day simple moving average of $34.00. The firm has a market cap of $478.43 million, a P/E ratio of 27.46 and a beta of 1.18. Congress SMid Growth ETF has a 1-year low of $29.53 and a 1-year high of $37.04.

Hedge Funds Weigh In On Congress SMid Growth ETF

A hedge fund recently raised its stake in Congress SMid Growth ETF stock. Harbor Investment Advisory LLC increased its position in shares of Congress SMid Growth ETF (NYSEARCA:CSMD) by 19.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,665 shares of the company’s stock after acquiring an additional 425 shares during the period. Harbor Investment Advisory LLC’s holdings in Congress SMid Growth ETF were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

About Congress SMid Growth ETF

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.