Short Interest in Argent Large Cap ETF (NASDAQ:ABIG) Decreases By 68.3%

Argent Large Cap ETF (NASDAQ:ABIG) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 3,928 shares, a drop of 68.3% from the January 15th total of 12,390 shares. Based on an average daily volume of 12,191 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 12,191 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Argent Large Cap ETF stock. Moneta Group Investment Advisors LLC increased its position in shares of Argent Large Cap ETF (NASDAQ:ABIG) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 957,663 shares of the company’s stock after purchasing an additional 182,174 shares during the quarter. Moneta Group Investment Advisors LLC owned approximately 63.42% of Argent Large Cap ETF worth $30,654,000 at the end of the most recent quarter.

Argent Large Cap ETF Price Performance

Shares of ABIG stock opened at $30.81 on Friday. Argent Large Cap ETF has a one year low of $24.99 and a one year high of $32.99. The stock has a fifty day moving average price of $32.13 and a 200 day moving average price of $31.67. The stock has a market cap of $46.52 million, a P/E ratio of 28.52 and a beta of 1.06.

Argent Large Cap ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.0307 per share. The ex-dividend date of this dividend was Tuesday, December 23rd.

Argent Large Cap ETF Company Profile

The Argent Large Cap ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in approximately 30 to 35 large-cap U.S. companies. The fund focuses on “Enduring Businesses” with durable competitive advantages, consistent cash flow growth, and management teams with proven track records of value creation.