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

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,076 shares, an increase of 359.0% from the August 15th total of 888 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 5,227 shares, the short-interest ratio is presently 0.8 days.

Alger Russell Innovation ETF Price Performance

Shares of INVN stock traded up $0.21 during trading hours on Friday, hitting $25.82. The stock had a trading volume of 1,459 shares, compared to its average volume of 4,160. The firm has a market capitalization of $9.04 million, a PE ratio of -44.52 and a beta of 0.88. The stock’s 50 day moving average is $24.77 and its 200 day moving average is $21.67. Alger Russell Innovation ETF has a twelve month low of $17.75 and a twelve month high of $27.54.

About Alger Russell Innovation ETF

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.