Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 13,403 shares, a decline of 68.7% from the May 31st total of 42,857 shares. Based on an average daily volume of 61,738 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Alger 35 ETF Stock Down 1.5%

Shares of ATFV traded down $0.61 during midday trading on Friday, reaching $39.03. 73,323 shares of the stock were exchanged, compared to its average volume of 39,846. Alger 35 ETF has a 12-month low of $28.35 and a 12-month high of $42.00. The firm has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $35.71. The company has a market cap of $149.88 million, a price-to-earnings ratio of 29.96 and a beta of 1.33.

Hedge Funds Weigh In On Alger 35 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc. grew its position 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 acquiring an additional 214,661 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Alger 35 ETF by 1,186.9% in the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after purchasing an additional 216,699 shares during the last quarter. LPL Financial LLC boosted its holdings in Alger 35 ETF by 58.4% in the fourth quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock worth $7,357,000 after purchasing an additional 77,813 shares in the last quarter. Mariner LLC boosted its holdings in Alger 35 ETF by 5.6% in the fourth quarter. Mariner LLC now owns 97,876 shares of the company’s stock worth $3,413,000 after purchasing an additional 5,164 shares in the last quarter. Finally, Vista Investment Partners II LLC acquired a new position in Alger 35 ETF during the fourth quarter worth $3,360,000.

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.