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

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Argent Large Cap ETF during the 2nd quarter worth approximately $375,000. Krilogy Financial LLC bought a new stake in shares of Argent Large Cap ETF in the 1st quarter valued at $815,000. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Argent Large Cap ETF by 33.4% in the 3rd 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 in the last quarter.

Argent Large Cap ETF Stock Down 0.3%

Argent Large Cap ETF stock traded down $0.09 during mid-day trading on Friday, hitting $33.52. 104 shares of the stock were exchanged, compared to its average volume of 6,044. Argent Large Cap ETF has a 12 month low of $28.39 and a 12 month high of $34.62. The firm’s fifty day simple moving average is $32.67 and its two-hundred day simple moving average is $31.88. The stock has a market capitalization of $51.62 million, a price-to-earnings ratio of 28.52 and a beta of 1.04.

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.