Alger 35 ETF (NYSEARCA:ATFV) Shares Shorted: Short Interest Up 422.6% in October

Alger 35 ETF (NYSEARCA:ATFV) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 39,657 shares, a growth of 422.6% from the October 15th total of 7,588 shares. Based on an average trading volume of 45,647 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ATFV. NewEdge Advisors LLC boosted its stake in Alger 35 ETF by 21.3% during the second quarter. NewEdge Advisors LLC now owns 285,103 shares of the company’s stock worth $11,809,000 after buying an additional 50,147 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Alger 35 ETF by 97.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after acquiring an additional 39,546 shares in the last quarter. CFO Capital Management LLC boosted its position in shares of Alger 35 ETF by 5.8% during the 1st quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock valued at $1,937,000 after acquiring an additional 3,384 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Alger 35 ETF by 32.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock valued at $1,782,000 after acquiring an additional 10,546 shares in the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in Alger 35 ETF in the third quarter valued at about $1,484,000.

Alger 35 ETF Stock Performance

Shares of NYSEARCA:ATFV traded up $1.11 during trading on Wednesday, hitting $35.65. 14,238 shares of the stock were exchanged, compared to its average volume of 46,490. Alger 35 ETF has a 1-year low of $29.73 and a 1-year high of $42.00. The company has a market capitalization of $717.99 million, a price-to-earnings ratio of 24.59 and a beta of 1.34. The company’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $37.34.

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.