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

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 449,252 shares, an increase of 3,251.9% from the June 15th total of 13,403 shares. Currently, 8.5% of the company’s stock are sold short. Based on an average daily trading volume, of 136,455 shares, the days-to-cover ratio is currently 3.3 days.

Alger 35 ETF Price Performance

NYSEARCA:ATFV traded up $0.29 during mid-day trading on Friday, reaching $40.00. The stock had a trading volume of 15,868 shares, compared to its average volume of 45,092. The business’s 50 day moving average is $39.55 and its 200 day moving average is $36.07. Alger 35 ETF has a fifty-two week low of $28.89 and a fifty-two week high of $42.00. The stock has a market cap of $212 million, a P/E ratio of 29.96 and a beta of 1.31.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC bought a new position in shares of Alger 35 ETF during the 2nd quarter valued at $460,000. Equitable Holdings Inc. bought a new stake in Alger 35 ETF in the third quarter worth $634,000. Chilton Investment Co. Inc. bought a new stake in Alger 35 ETF in the third quarter worth $2,936,000. Citadel Advisors LLC acquired a new position in Alger 35 ETF during the third quarter worth $227,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Alger 35 ETF during the third quarter worth $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.