Alger Russell Innovation ETF (NYSEARCA:INVN) Stock Short Interest Climbs 516.2%

Alger Russell Innovation ETF (NYSEARCA:INVN) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,559 shares, a growth of 516.2% from the October 15th total of 253 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,091 shares, the short-interest ratio is presently 0.4 days.

Alger Russell Innovation ETF Stock Performance

INVN traded up $0.15 during midday trading on Wednesday, reaching $26.87. The company had a trading volume of 1,832 shares, compared to its average volume of 3,767. Alger Russell Innovation ETF has a 12-month low of $17.75 and a 12-month high of $27.77. The business has a 50-day moving average price of $26.41 and a two-hundred day moving average price of $22.51. The stock has a market cap of $10.75 million, a PE ratio of -46.33 and a beta of 0.87.

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.