Short Interest in Argent Large Cap ETF (NASDAQ:ABIG) Declines By 77.4%

Argent Large Cap ETF (NASDAQ:ABIG) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 288 shares, a decrease of 77.4% from the May 14th total of 1,273 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,953 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Argent Large Cap ETF

A number of hedge funds have recently added to or reduced their stakes in ABIG. Jane Street Group LLC purchased a new position in shares of Argent Large Cap ETF in the 2nd quarter worth $375,000. Moneta Group Investment Advisors LLC lifted its holdings in Argent Large Cap ETF by 33.4% in the third quarter. Moneta Group Investment Advisors LLC now owns 775,489 shares of the company’s stock valued at $24,522,000 after acquiring an additional 194,301 shares during the period. Finally, Krilogy Financial LLC purchased a new position in Argent Large Cap ETF in the first quarter worth about $815,000.

Argent Large Cap ETF Stock Performance

Shares of ABIG stock remained flat at $33.01 during trading hours on Thursday. 138 shares of the stock were exchanged, compared to its average volume of 5,984. The business has a 50 day moving average of $32.58 and a two-hundred day moving average of $31.87. Argent Large Cap ETF has a 52-week low of $28.39 and a 52-week high of $34.62. The firm has a market capitalization of $50.84 million, a price-to-earnings ratio of 28.52 and a beta of 1.04.

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.