Alger Russell Innovation ETF (NYSEARCA:INVN) Short Interest Up ∞ in May

Alger Russell Innovation ETF (NYSEARCA:INVN) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 208 shares, an increase of ∞ from the April 30th total of 0 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,823 shares, the short-interest ratio is currently 0.1 days.

Alger Russell Innovation ETF Stock Performance

Shares of Alger Russell Innovation ETF stock traded up $1.05 during trading on Monday, hitting $22.94. 15,167 shares of the company’s stock were exchanged, compared to its average volume of 3,923. The business has a 50-day simple moving average of $19.59 and a 200-day simple moving average of $20.30. Alger Russell Innovation ETF has a 52-week low of $17.75 and a 52-week high of $23.05. The stock has a market capitalization of $13.08 million, a price-to-earnings ratio of -39.55 and a beta of 0.77.

Alger Russell Innovation ETF Company Profile

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.