Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Update

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 5,587 shares, a decrease of 78.4% from the August 31st total of 25,855 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 23,016 shares, the short-interest ratio is presently 0.2 days.

Alger Mid Cap 40 ETF Price Performance

Alger Mid Cap 40 ETF stock traded down $0.06 during trading on Friday, reaching $23.71. 14,336 shares of the company were exchanged, compared to its average volume of 28,646. The stock’s 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $22.12. The company has a market capitalization of $155.30 million, a P/E ratio of 36.46 and a beta of 1.11. Alger Mid Cap 40 ETF has a 52-week low of $18.46 and a 52-week high of $24.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC acquired a new position in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned about 0.17% of Alger Mid Cap 40 ETF at the end of the most recent quarter.

Alger Mid Cap 40 ETF Company Profile

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.