Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Shares Shorted: Short Interest Down 92.9% in October

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,373 shares, a decline of 92.9% from the September 30th total of 47,606 shares. Based on an average daily trading volume, of 35,792 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Alger Mid Cap 40 ETF

A hedge fund recently bought a new position in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned 0.17% of Alger Mid Cap 40 ETF as of its most recent filing with the Securities and Exchange Commission.

Alger Mid Cap 40 ETF Stock Up 1.7%

Shares of FRTY traded up $0.36 during trading hours on Monday, reaching $21.92. 10,684 shares of the company traded hands, compared to its average volume of 28,537. The business has a fifty day moving average price of $22.86 and a 200-day moving average price of $22.59. The stock has a market capitalization of $141.38 million, a P/E ratio of 36.46 and a beta of 1.12. Alger Mid Cap 40 ETF has a 12-month low of $18.46 and a 12-month high of $24.82.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.