Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) Stock Short Interest Report for September

Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 16,878 shares, a drop of 97.4% from the September 15th total of 653,018 shares. Based on an average daily volume of 86,516 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Alger AI Enablers & Adopters ETF

A number of large investors have recently bought and sold shares of ALAI. Arkadios Wealth Advisors boosted its position in Alger AI Enablers & Adopters ETF by 35.9% during the first quarter. Arkadios Wealth Advisors now owns 1,155,852 shares of the company’s stock valued at $38,189,000 after purchasing an additional 305,456 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in shares of Alger AI Enablers & Adopters ETF during the 2nd quarter worth approximately $6,405,000. CFO Capital Management LLC acquired a new position in shares of Alger AI Enablers & Adopters ETF during the 4th quarter worth approximately $1,219,000. Grove Bank & Trust raised its stake in shares of Alger AI Enablers & Adopters ETF by 2,491.1% during the 3rd quarter. Grove Bank & Trust now owns 32,751 shares of the company’s stock worth $1,522,000 after purchasing an additional 31,487 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Alger AI Enablers & Adopters ETF by 143.9% during the 1st quarter. Private Advisor Group LLC now owns 46,842 shares of the company’s stock worth $1,548,000 after purchasing an additional 27,639 shares in the last quarter.

Alger AI Enablers & Adopters ETF Trading Up 1.5%

Shares of ALAI stock traded up $0.68 on Friday, hitting $47.17. 84,436 shares of the stock were exchanged, compared to its average volume of 84,626. The firm has a market capitalization of $1.27 billion, a P/E ratio of 29.71 and a beta of 1.89. The business has a 50-day moving average of $45.55 and a 200 day moving average of $42.88. Alger AI Enablers & Adopters ETF has a fifty-two week low of $30.84 and a fifty-two week high of $48.36.

About Alger AI Enablers & Adopters ETF

The Alger AI Enablers & Adopters ETF (ALAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research ALAI was launched on Apr 4, 2024 and is issued by Alger.