Short Interest in Alger Russell Innovation ETF (NYSEARCA:INVN) Grows By 343.9%

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,132 shares, a growth of 343.9% from the June 15th total of 255 shares. Based on an average daily trading volume, of 1,360 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

Alger Russell Innovation ETF Price Performance

INVN traded down $0.11 during trading on Friday, hitting $22.47. 1,454 shares of the stock traded hands, compared to its average volume of 3,504. The firm has a market capitalization of $10.11 million, a P/E ratio of -38.74 and a beta of 0.89. Alger Russell Innovation ETF has a 12-month low of $17.75 and a 12-month high of $23.06. The firm has a 50-day moving average of $21.18 and a 200 day moving average of $20.35.

Alger Russell Innovation ETF Company Profile

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.