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

Argent Large Cap ETF (NASDAQ:ABIG) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 954 shares, an increase of 445.1% from the June 15th total of 175 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 845 shares, the short-interest ratio is currently 1.1 days.

Argent Large Cap ETF Stock Performance

Shares of ABIG stock traded up $0.19 during mid-day trading on Friday, hitting $34.84. 349 shares of the stock traded hands, compared to its average volume of 5,310. Argent Large Cap ETF has a twelve month low of $28.39 and a twelve month high of $34.84. The company’s 50-day simple moving average is $33.84 and its 200-day simple moving average is $32.19. The firm has a market cap of $56.44 million, a price-to-earnings ratio of 28.52 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Argent Large Cap ETF during the second quarter valued at $375,000. Krilogy Financial LLC acquired a new stake in Argent Large Cap ETF during the 1st quarter worth about $815,000. Finally, Moneta Group Investment Advisors LLC boosted its position in Argent Large Cap ETF by 33.4% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock worth $24,522,000 after acquiring an additional 194,301 shares during the period.

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.