Alger Russell Innovation ETF (NYSEARCA:INVN) Stock Short Interest Falls 82.4%

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 253 shares, a decrease of 82.4% from the September 30th total of 1,436 shares. Based on an average trading volume of 1,096 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Alger Russell Innovation ETF Stock Down 0.7%

Shares of INVN stock traded down $0.18 during trading hours on Tuesday, reaching $27.41. The company’s stock had a trading volume of 10,650 shares, compared to its average volume of 3,774. Alger Russell Innovation ETF has a fifty-two week low of $17.75 and a fifty-two week high of $27.77. The firm’s 50 day simple moving average is $26.34 and its 200-day simple moving average is $22.20. The company has a market capitalization of $10.96 million, a price-to-earnings ratio of -47.25 and a beta of 0.92.

About Alger Russell Innovation ETF

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.