Congress SMid Growth ETF (NYSEARCA:CSMD) Short Interest Down 53.4% in June

Congress SMid Growth ETF (NYSEARCA:CSMD) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 36,864 shares, a drop of 53.4% from the May 31st total of 79,113 shares. Based on an average daily volume of 36,735 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC lifted its position in Congress SMid Growth ETF by 19.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,665 shares of the company’s stock worth $82,000 after buying an additional 425 shares in the last quarter. Congress Asset Management Co. increased its position in Congress SMid Growth ETF by 9.2% in the 4th quarter. Congress Asset Management Co. now owns 82,107 shares of the company’s stock valued at $2,596,000 after acquiring an additional 6,943 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Congress SMid Growth ETF by 8.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 122,535 shares of the company’s stock valued at $3,875,000 after acquiring an additional 9,910 shares in the last quarter.

Congress SMid Growth ETF Stock Performance

Congress SMid Growth ETF stock opened at $35.63 on Monday. The firm has a market cap of $479.22 million, a P/E ratio of 27.46 and a beta of 1.20. The business’s fifty day moving average is $33.95 and its two-hundred day moving average is $33.14. Congress SMid Growth ETF has a 52 week low of $29.53 and a 52 week high of $36.23.

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.