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

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 22,494 shares, an increase of 1,424.0% from the March 31st total of 1,476 shares. Based on an average daily trading volume, of 27,429 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Alger 35 ETF

Several hedge funds have recently added to or reduced their stakes in the company. Vista Investment Partners II LLC bought a new position in shares of Alger 35 ETF during the 4th quarter valued at about $3,360,000. Chilton Investment Co. Inc. bought a new stake in Alger 35 ETF in the 3rd quarter worth approximately $2,936,000. Mountain Capital Investment Advisors Inc. lifted its position in Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after buying an additional 214,661 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in Alger 35 ETF by 30.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 12,320 shares of the company’s stock worth $386,000 after buying an additional 2,881 shares during the last quarter. Finally, CFO Capital Management LLC purchased a new stake in Alger 35 ETF in the fourth quarter worth approximately $2,035,000.

Alger 35 ETF Trading Up 1.3%

Shares of ATFV traded up $0.48 during trading hours on Friday, reaching $36.68. 15,977 shares of the company’s stock traded hands, compared to its average volume of 31,702. The firm’s 50 day simple moving average is $33.40 and its 200-day simple moving average is $34.45. The stock has a market cap of $139.75 million, a PE ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a 12 month low of $22.33 and a 12 month high of $36.95.

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.