Alger 35 ETF (NYSEARCA:ATFV) Sees Large Drop in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,866 shares, a drop of 91.1% from the November 30th total of 43,419 shares. Based on an average daily volume of 41,186 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 41,186 shares, the short-interest ratio is currently 0.1 days.

Alger 35 ETF Price Performance

ATFV traded up $0.18 on Wednesday, hitting $35.74. The company had a trading volume of 18,985 shares, compared to its average volume of 23,993. The stock has a fifty day simple moving average of $34.95 and a 200-day simple moving average of $32.84. The firm has a market capitalization of $105.43 million, a P/E ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a 52-week low of $18.98 and a 52-week high of $36.90.

Alger 35 ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Alger 35 ETF by 8.6% in the 3rd quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock worth $601,000 after purchasing an additional 1,340 shares during the period. Castle Rock Wealth Management LLC raised its position 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 worth $1,323,000 after acquiring an additional 1,932 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Alger 35 ETF in the third quarter worth approximately $83,000. DAVENPORT & Co LLC boosted its stake in shares of Alger 35 ETF by 20.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 24,207 shares of the company’s stock worth $860,000 after acquiring an additional 4,095 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of Alger 35 ETF during the 3rd quarter valued at $210,000.

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.