Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Declines By 34.6%

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 4,213 shares, a decline of 34.6% from the January 29th total of 6,437 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 37,092 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 37,092 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Alger 35 ETF

Several institutional investors and hedge funds have recently made changes to their positions in ATFV. Mountain Capital Investment Advisors Inc. boosted its holdings in shares of Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after buying an additional 214,661 shares during the period. Vista Investment Partners II LLC acquired a new stake in Alger 35 ETF in the 4th quarter valued at approximately $3,360,000. Mariner LLC bought a new stake in shares of Alger 35 ETF during the third quarter valued at about $3,293,000. Chilton Investment Co. Inc. bought a new stake in shares of Alger 35 ETF during the 3rd quarter worth about $2,936,000. Finally, LPL Financial LLC lifted its position in Alger 35 ETF by 58.4% in the fourth quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock worth $7,357,000 after purchasing an additional 77,813 shares during the period.

Alger 35 ETF Trading Down 2.3%

NYSEARCA:ATFV traded down $0.77 during trading hours on Friday, hitting $33.33. The stock had a trading volume of 16,870 shares, compared to its average volume of 34,653. The company has a market cap of $119.99 million, a PE ratio of 29.96 and a beta of 1.29. The business has a 50 day simple moving average of $34.75 and a two-hundred day simple moving average of $34.54. Alger 35 ETF has a 1-year low of $18.98 and a 1-year high of $36.90.

Alger 35 ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were paid a dividend of $0.0708 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 21.0%.

Alger 35 ETF Company Profile

The Alger 35 ETF (ATFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of global growth stocks. The fund utilizes the Precidian non-transparent model. ATFV was launched on May 3, 2021 and is managed by Alger.