Alger 35 ETF (NYSEARCA:ATFV) Sees Significant Decline in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 31,582 shares, a drop of 93.0% from the June 30th total of 449,252 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 35,216 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Alger 35 ETF

A number of large investors have recently made changes to their positions in ATFV. NewEdge Advisors LLC raised its position in Alger 35 ETF by 1,186.9% in the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock worth $7,371,000 after purchasing an additional 216,699 shares during the period. Mountain Capital Investment Advisors Inc. lifted its stake in Alger 35 ETF by 25.4% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after purchasing an additional 214,661 shares during the last quarter. Vista Investment Partners II LLC purchased a new position in shares of Alger 35 ETF during the fourth quarter valued at approximately $3,360,000. Mariner LLC purchased a new position in shares of Alger 35 ETF during the third quarter valued at approximately $3,293,000. Finally, LPL Financial LLC boosted its position in shares of Alger 35 ETF by 58.4% during the fourth quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock valued at $7,357,000 after buying an additional 77,813 shares during the period.

Alger 35 ETF Stock Performance

NYSEARCA ATFV traded down $1.22 on Friday, hitting $36.98. 236,923 shares of the stock were exchanged, compared to its average volume of 45,532. Alger 35 ETF has a 52-week low of $29.73 and a 52-week high of $42.00. The firm has a market capitalization of $205.98 million, a P/E ratio of 29.96 and a beta of 1.31. The stock has a fifty day moving average price of $39.52 and a two-hundred day moving average price of $36.27.

Alger 35 ETF Company Profile

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.