Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Decreases By 74.5%

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,074 shares, a decline of 74.5% from the February 12th total of 4,213 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,793 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 23,793 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Alger 35 ETF Stock Down 2.5%

Shares of NYSEARCA ATFV traded down $0.84 during mid-day trading on Thursday, hitting $32.36. 213,809 shares of the company traded hands, compared to its average volume of 36,679. Alger 35 ETF has a 1 year low of $18.98 and a 1 year high of $36.90. The stock has a market capitalization of $116.50 million, a price-to-earnings ratio of 29.96 and a beta of 1.29. The business has a 50 day moving average of $34.35 and a two-hundred day moving average of $34.60.

Alger 35 ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were issued a dividend of $0.0708 per share. This represents a yield of 21.0%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Alger 35 ETF in the third quarter worth approximately $83,000. Global Retirement Partners LLC acquired a new position in Alger 35 ETF in the 4th quarter worth approximately $182,000. Worth Asset Management LLC acquired a new position in Alger 35 ETF in the 3rd quarter worth approximately $210,000. Citadel Advisors LLC purchased a new position in Alger 35 ETF during the 3rd quarter worth approximately $227,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Alger 35 ETF during the 3rd quarter worth approximately $249,000.

Alger 35 ETF Company Profile

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.