Alger Russell Innovation ETF (NYSEARCA:INVN) Sees Significant Growth in Short Interest

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,132 shares, an increase of 343.9% from the June 15th total of 255 shares. Based on an average daily trading volume, of 1,360 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Alger Russell Innovation ETF Stock Up 1.9%

Shares of NYSEARCA:INVN traded up $0.43 on Monday, reaching $22.90. The company had a trading volume of 1,779 shares, compared to its average volume of 3,491. The stock has a market capitalization of $10.30 million, a P/E ratio of -39.48 and a beta of 0.89. The stock has a 50-day moving average price of $21.18 and a 200 day moving average price of $20.34. Alger Russell Innovation ETF has a twelve month low of $17.75 and a twelve month high of $23.06.

Alger Russell Innovation ETF Company Profile

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.