Short Interest in Congress SMid Growth ETF (NYSEARCA:CSMD) Expands By 369.9%

Congress SMid Growth ETF (NYSEARCA:CSMDGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 37,243 shares, an increase of 369.9% from the April 30th total of 7,926 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 51,346 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of Congress SMid Growth ETF by 8.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 122,535 shares of the company’s stock valued at $3,875,000 after purchasing an additional 9,910 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Congress SMid Growth ETF by 19.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,665 shares of the company’s stock valued at $82,000 after purchasing an additional 425 shares during the period. Finally, Congress Asset Management Co. increased its holdings in shares of Congress SMid Growth ETF by 9.2% in the fourth quarter. Congress Asset Management Co. now owns 82,107 shares of the company’s stock valued at $2,596,000 after purchasing an additional 6,943 shares during the period.

Congress SMid Growth ETF Trading Up 1.6%

NYSEARCA:CSMD opened at $34.23 on Friday. The firm has a market cap of $460.39 million, a P/E ratio of 27.46 and a beta of 1.18. The stock’s 50 day simple moving average is $32.42 and its 200-day simple moving average is $32.69. Congress SMid Growth ETF has a 12-month low of $29.53 and a 12-month high of $35.38.

About Congress SMid Growth ETF

(Get Free Report)

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.

Further Reading

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