Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 4,946 shares, a decrease of 33.7% from the December 31st total of 7,460 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Alger 35 ETF

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of Alger 35 ETF in the 2nd quarter valued at $460,000. DAVENPORT & Co LLC lifted its holdings in Alger 35 ETF by 20.4% during the third quarter. DAVENPORT & Co LLC now owns 24,207 shares of the company’s stock worth $860,000 after acquiring an additional 4,095 shares in the last quarter. Castle Rock Wealth Management LLC grew its stake in Alger 35 ETF by 5.5% in the third quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock valued at $1,323,000 after acquiring an additional 1,932 shares during the period. Worth Asset Management LLC acquired a new position in Alger 35 ETF in the third quarter valued at about $210,000. Finally, Beverly Hills Private Wealth LLC bought a new stake in shares of Alger 35 ETF in the third quarter worth about $322,000.

Alger 35 ETF Stock Performance

ATFV traded down $1.03 during midday trading on Friday, reaching $34.17. 26,620 shares of the company were exchanged, compared to its average volume of 38,366. The stock has a market capitalization of $120.96 million, a P/E ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a one year low of $18.98 and a one year high of $36.90. The stock’s 50-day simple moving average is $35.19 and its 200 day simple moving average is $34.10.

Alger 35 ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were issued a dividend of $0.0708 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 21.0%.

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.