Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 42,857 shares, an increase of 136.7% from the May 14th total of 18,107 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 34,426 shares, the short-interest ratio is currently 1.2 days.

Alger 35 ETF Price Performance

NYSEARCA:ATFV opened at $38.95 on Monday. The firm has a 50-day moving average of $37.47 and a two-hundred day moving average of $35.33. The stock has a market cap of $149.57 million, a P/E ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a 1-year low of $27.50 and a 1-year high of $41.94.

Hedge Funds Weigh In On Alger 35 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Alger 35 ETF in the 3rd quarter valued at about $83,000. Global Retirement Partners LLC purchased a new position in Alger 35 ETF in the 4th quarter valued at about $182,000. Citadel Advisors LLC purchased a new position in Alger 35 ETF in the 3rd quarter valued at about $227,000. Integrated Wealth Concepts LLC purchased a new position in Alger 35 ETF in the 3rd quarter valued at about $249,000. Finally, Harbour Investments Inc. boosted its position in Alger 35 ETF by 3,458.8% in the 4th quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock valued at $298,000 after buying an additional 8,301 shares during the last quarter.

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.