Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Decreases By 34.6%

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 4,213 shares, a decrease of 34.6% from the January 29th total of 6,437 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 37,092 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 37,092 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Alger 35 ETF Price Performance

NYSEARCA:ATFV traded down $0.10 during trading hours on Monday, reaching $33.23. 40,497 shares of the company were exchanged, compared to its average volume of 34,782. The stock has a 50 day simple moving average of $34.75 and a 200 day simple moving average of $34.56. Alger 35 ETF has a 52-week low of $18.98 and a 52-week high of $36.90. The firm has a market cap of $119.63 million, a price-to-earnings ratio of 29.96 and a beta of 1.29.

Alger 35 ETF Announces Dividend

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

Institutional Trading of Alger 35 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ATFV. Northwestern Mutual Wealth Management Co. acquired a new position in Alger 35 ETF in the third quarter valued at $83,000. Global Retirement Partners LLC bought a new stake in shares of Alger 35 ETF during the fourth quarter valued at approximately $182,000. Worth Asset Management LLC bought a new position in Alger 35 ETF in the third quarter valued at about $210,000. Citadel Advisors LLC purchased a new position in shares of Alger 35 ETF in the third quarter worth $227,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Alger 35 ETF during the third quarter worth $249,000.

About Alger 35 ETF

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.