Alger 35 ETF (NYSEARCA:ATFV) Shares Shorted: Short Interest Up 422.6% in October

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 39,657 shares, an increase of 422.6% from the October 15th total of 7,588 shares. Based on an average daily trading volume, of 45,647 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Alger 35 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in Alger 35 ETF by 21.3% during the 2nd quarter. NewEdge Advisors LLC now owns 285,103 shares of the company’s stock valued at $11,809,000 after buying an additional 50,147 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of Alger 35 ETF by 97.6% in the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock worth $3,203,000 after buying an additional 39,546 shares in the last quarter. Sax Wealth Advisors LLC purchased a new stake in shares of Alger 35 ETF during the third quarter valued at approximately $1,484,000. Envestnet Asset Management Inc. purchased a new stake in Alger 35 ETF during the 2nd quarter valued at $805,000. Finally, Fermata Advisors LLC bought a new stake in shares of Alger 35 ETF in the 2nd quarter worth $249,000.

Alger 35 ETF Price Performance

NYSEARCA ATFV traded down $0.85 during trading on Thursday, hitting $34.55. 13,223 shares of the company’s stock traded hands, compared to its average volume of 46,364. The stock has a fifty day moving average of $38.83 and a two-hundred day moving average of $37.34. Alger 35 ETF has a 12-month low of $29.73 and a 12-month high of $42.00. The firm has a market cap of $557.72 million, a P/E ratio of 24.59 and a beta of 1.35.

About Alger 35 ETF

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.