Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 18,107 shares, a decline of 49.2% from the April 30th total of 35,649 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 61,090 shares, the short-interest ratio is currently 0.3 days.
Alger 35 ETF Stock Up 3.8%
Alger 35 ETF stock traded up $1.54 during mid-day trading on Monday, hitting $41.74. 114,122 shares of the company’s stock traded hands, compared to its average volume of 35,713. The firm has a 50 day moving average price of $35.83 and a 200 day moving average price of $34.92. The company has a market cap of $160.28 million, a PE ratio of 29.96 and a beta of 1.31. Alger 35 ETF has a one year low of $26.99 and a one year high of $41.94.
Institutional Trading of Alger 35 ETF
A number of hedge funds and other institutional investors have recently modified their holdings of ATFV. NewEdge Advisors LLC raised its stake in shares of Alger 35 ETF by 1,186.9% in the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock worth $7,371,000 after buying an additional 216,699 shares in the last quarter. Mountain Capital Investment Advisors Inc. raised its stake in shares of Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after buying an additional 214,661 shares in the last quarter. Vista Investment Partners II LLC bought a new stake in shares of Alger 35 ETF in the 4th quarter worth $3,360,000. Mariner LLC bought a new stake in shares of Alger 35 ETF in the 3rd quarter worth $3,293,000. Finally, Chilton Investment Co. Inc. bought a new stake in shares of Alger 35 ETF in the 3rd quarter worth $2,936,000.
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.
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