Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,588 shares, a drop of 69.5% from the September 30th total of 24,906 shares. Based on an average daily trading volume, of 101,364 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Alger 35 ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATFV. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Alger 35 ETF by 8.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock worth $680,000 after acquiring an additional 1,305 shares during the period. Sax Wealth Advisors LLC acquired a new position in shares of Alger 35 ETF in the third quarter valued at approximately $1,484,000. Fermata Advisors LLC increased its stake in shares of Alger 35 ETF by 15.8% during the third quarter. Fermata Advisors LLC now owns 6,950 shares of the company’s stock worth $283,000 after purchasing an additional 950 shares during the period. Avior Wealth Management LLC lifted its holdings in Alger 35 ETF by 18.6% during the 3rd quarter. Avior Wealth Management LLC now owns 16,274 shares of the company’s stock worth $662,000 after purchasing an additional 2,550 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Alger 35 ETF during the 2nd quarter worth approximately $805,000.
Alger 35 ETF Trading Up 2.1%
Shares of NYSEARCA ATFV opened at $38.35 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a 12 month low of $29.73 and a 12 month high of $42.00. The stock has a 50 day moving average of $39.68 and a 200-day moving average of $37.33.
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.
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