Argent Mid Cap ETF (NASDAQ:AMID) Sees Large Growth in Short Interest

Argent Mid Cap ETF (NASDAQ:AMID) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,485 shares, an increase of 417.7% from the November 30th total of 480 shares. Based on an average daily trading volume, of 9,720 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,720 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the quarter. Argent Mid Cap ETF accounts for approximately 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent reporting period. 45.97% of the stock is owned by institutional investors.

Argent Mid Cap ETF Price Performance

Shares of NASDAQ:AMID opened at $34.30 on Thursday. The business’s 50 day simple moving average is $34.14 and its 200 day simple moving average is $33.95. Argent Mid Cap ETF has a 1 year low of $28.05 and a 1 year high of $36.16. The company has a market capitalization of $109.42 million, a P/E ratio of -38.98 and a beta of 1.08.

Argent Mid Cap ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. Argent Mid Cap ETF’s dividend payout ratio is -12.50%.

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.