Argent Large Cap ETF (NASDAQ:ABIG) Stock Short Interest Drops 54.3%

Argent Large Cap ETF (NASDAQ:ABIG) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 2,725 shares, a decline of 54.3% from the September 30th total of 5,969 shares. Based on an average daily trading volume, of 4,737 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Argent Large Cap ETF Price Performance

Shares of Argent Large Cap ETF stock traded down $0.52 on Friday, reaching $34.40. The company had a trading volume of 8,635 shares, compared to its average volume of 4,731. The firm has a market cap of $59.85 million, a price-to-earnings ratio of 28.52 and a beta of 0.95. The firm’s 50-day moving average price is $35.30 and its two-hundred day moving average price is $33.35. Argent Large Cap ETF has a 1 year low of $28.39 and a 1 year high of $36.48.

Institutional Investors Weigh In On Argent Large Cap ETF

A hedge fund recently bought a new position in Argent Large Cap ETF stock. Citadel Advisors LLC purchased a new stake in shares of Argent Large Cap ETF (NASDAQ:ABIG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,236 shares of the company’s stock, valued at approximately $285,000. Citadel Advisors LLC owned about 0.50% of Argent Large Cap ETF as of its most recent filing with the SEC.

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.