Argent Large Cap ETF (NASDAQ:ABIG – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 175 shares, a decrease of 39.2% from the May 31st total of 288 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,327 shares, the days-to-cover ratio is currently 0.1 days.
Argent Large Cap ETF Price Performance
ABIG stock traded up $0.40 during mid-day trading on Wednesday, hitting $34.59. 15 shares of the stock were exchanged, compared to its average volume of 5,572. The business has a fifty day moving average price of $33.51 and a 200 day moving average price of $32.04. Argent Large Cap ETF has a 12 month low of $28.39 and a 12 month high of $34.62. The stock has a market capitalization of $53.27 million, a price-to-earnings ratio of 28.52 and a beta of 1.04.
Hedge Funds Weigh In On Argent Large Cap ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in Argent Large Cap ETF by 23.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 957,663 shares of the company’s stock worth $30,654,000 after acquiring an additional 182,174 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Argent Large Cap ETF during the 1st quarter valued at approximately $815,000. Finally, Jane Street Group LLC purchased a new position in shares of Argent Large Cap ETF in the second quarter valued at $375,000.
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.
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