Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Up 164.6% in February

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 26,815 shares, an increase of 164.6% from the February 12th total of 10,135 shares. Based on an average trading volume of 26,220 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 26,220 shares, the short-interest ratio is currently 1.0 days.

Alger Mid Cap 40 ETF Stock Down 2.4%

Shares of FRTY traded down $0.49 on Thursday, reaching $19.53. The stock had a trading volume of 19,170 shares, compared to its average volume of 33,312. The firm has a market capitalization of $127.92 million, a PE ratio of 36.46 and a beta of 1.12. The firm has a 50-day moving average of $21.11 and a 200 day moving average of $21.35. Alger Mid Cap 40 ETF has a twelve month low of $13.56 and a twelve month high of $23.36.

Alger Mid Cap 40 ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were issued a $0.041 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 20.0%.

Institutional Investors Weigh In On Alger Mid Cap 40 ETF

Several institutional investors and hedge funds have recently made changes to their positions in FRTY. NewEdge Advisors LLC acquired a new position in Alger Mid Cap 40 ETF during the second quarter worth about $850,000. Whipplewood Advisors LLC grew its position in shares of Alger Mid Cap 40 ETF by 6.8% in the third quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock valued at $1,114,000 after purchasing an additional 3,162 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in shares of Alger Mid Cap 40 ETF by 2.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock valued at $1,797,000 after purchasing an additional 2,064 shares during the last quarter.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.