Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 16,986 shares, a drop of 46.2% from the July 15th total of 31,582 shares. Based on an average daily volume of 53,244 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Alger 35 ETF Price Performance

NYSEARCA ATFV traded down $0.90 during trading hours on Tuesday, hitting $40.06. The company’s stock had a trading volume of 14,533 shares, compared to its average volume of 44,503. The company has a market cap of $236.35 million, a P/E ratio of 29.96 and a beta of 1.32. The company’s 50 day simple moving average is $39.30 and its two-hundred day simple moving average is $36.67. Alger 35 ETF has a 12 month low of $29.73 and a 12 month high of $42.00.

Hedge Funds Weigh In On Alger 35 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Alger 35 ETF during the third quarter valued at $83,000. Global Retirement Partners LLC purchased a new stake in shares of Alger 35 ETF in the 4th quarter worth $182,000. Citadel Advisors LLC bought a new position in Alger 35 ETF in the 3rd quarter worth $227,000. Fermata Advisors LLC bought a new position in Alger 35 ETF in the 2nd quarter worth $249,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Alger 35 ETF in the third quarter worth about $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.