Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Expands By 93.0%

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 7,460 shares, a growth of 93.0% from the December 15th total of 3,866 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 54,374 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 54,374 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC purchased a new stake in shares of Alger 35 ETF during the 2nd quarter worth approximately $484,000. Castle Rock Wealth Management LLC lifted its stake in Alger 35 ETF by 5.5% in the third quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock valued at $1,323,000 after purchasing an additional 1,932 shares during the last quarter. Worth Asset Management LLC bought a new position in Alger 35 ETF during the third quarter valued at $210,000. DAVENPORT & Co LLC increased its position in Alger 35 ETF by 20.4% in the third quarter. DAVENPORT & Co LLC now owns 24,207 shares of the company’s stock worth $860,000 after buying an additional 4,095 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new stake in Alger 35 ETF in the third quarter worth $322,000.

Alger 35 ETF Stock Performance

NYSEARCA:ATFV traded up $0.47 during trading on Thursday, reaching $35.96. The company’s stock had a trading volume of 11,544 shares, compared to its average volume of 42,232. Alger 35 ETF has a 12 month low of $18.98 and a 12 month high of $36.90. The firm has a market cap of $124.42 million, a price-to-earnings ratio of 29.96 and a beta of 1.29. The firm has a 50 day moving average of $34.96 and a 200-day moving average of $33.62.

Alger 35 ETF Dividend Announcement

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

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.