Argent Large Cap ETF (NASDAQ:ABIG) Sees Large Drop in Short Interest

Argent Large Cap ETF (NASDAQ:ABIG) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 175 shares, a decline of 39.2% from the May 31st total of 288 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,327 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Argent Large Cap ETF

Several institutional investors have recently modified their holdings of ABIG. Jane Street Group LLC purchased a new stake in Argent Large Cap ETF during the 2nd quarter worth about $375,000. Moneta Group Investment Advisors LLC increased its stake in shares of Argent Large Cap ETF by 33.4% during the third quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock worth $24,522,000 after buying an additional 194,301 shares during the period. Finally, Krilogy Financial LLC acquired a new stake in Argent Large Cap ETF in the first quarter valued at approximately $815,000.

Argent Large Cap ETF Stock Down 0.7%

Shares of ABIG opened at $34.27 on Friday. The company has a market cap of $55.52 million, a P/E ratio of 28.52 and a beta of 0.99. Argent Large Cap ETF has a fifty-two week low of $28.39 and a fifty-two week high of $34.62. The firm’s 50 day moving average price is $33.60 and its 200 day moving average price is $32.07.

About Argent Large Cap ETF

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.