Congress SMid Growth ETF (NYSEARCA:CSMD) Shares Shorted: Short Interest Up 600.7% in October

Congress SMid Growth ETF (NYSEARCA:CSMD) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 12,298 shares, an increase of 600.7% from the September 30th total of 1,755 shares. Based on an average daily volume of 33,566 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Congress SMid Growth ETF

An institutional investor recently raised its stake in Congress SMid Growth ETF stock. Harbor Investment Advisory LLC boosted its stake in shares of Congress SMid Growth ETF (NYSEARCA:CSMD) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,665 shares of the company’s stock after buying an additional 425 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Congress SMid Growth ETF were worth $82,000 as of its most recent SEC filing.

Congress SMid Growth ETF Stock Performance

NYSEARCA:CSMD traded up $0.33 during trading on Wednesday, reaching $34.87. The company’s stock had a trading volume of 61,924 shares, compared to its average volume of 56,826. Congress SMid Growth ETF has a 12 month low of $29.53 and a 12 month high of $37.04. The firm has a market cap of $487.13 million, a price-to-earnings ratio of 27.46 and a beta of 1.18. The firm has a 50 day moving average of $34.12 and a 200-day moving average of $33.82.

Congress SMid Growth ETF Company Profile

The Congress SMid Growth ETF (CSMD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth. CSMD was launched on Aug 22, 2023 and is issued by Congress.