Alger 35 ETF (NYSEARCA:ATFV) Stock Short Interest Declines 69.5%

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 7,588 shares, a drop of 69.5% from the September 30th total of 24,906 shares. Based on an average daily volume of 101,364 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Alger 35 ETF

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in Alger 35 ETF by 1,186.9% in the first 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 period. Castle Rock Wealth Management LLC raised its position in Alger 35 ETF by 97.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after purchasing an additional 39,546 shares in the last quarter. Sax Wealth Advisors LLC purchased a new position in Alger 35 ETF in the third quarter worth approximately $1,484,000. Envestnet Asset Management Inc. purchased a new position in Alger 35 ETF in the second quarter valued at $805,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Alger 35 ETF by 32.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock worth $1,782,000 after acquiring an additional 10,546 shares in the last quarter.

Alger 35 ETF Price Performance

NYSEARCA ATFV traded down $1.93 during trading on Friday, hitting $36.05. The company’s stock had a trading volume of 41,445 shares, compared to its average volume of 46,826. The company has a market cap of $979.48 million, a PE ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a fifty-two week low of $29.73 and a fifty-two week high of $42.00. The business’s 50 day simple moving average is $39.62 and its 200-day simple moving average is $37.36.

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.