Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 1,074 shares, a decline of 74.5% from the February 12th total of 4,213 shares. Based on an average daily volume of 23,793 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 23,793 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATFV. Mountain Capital Investment Advisors Inc. lifted its stake in shares of Alger 35 ETF by 25.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after purchasing an additional 214,661 shares during the last quarter. LPL Financial LLC grew its stake in Alger 35 ETF by 58.4% in the fourth quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock valued at $7,357,000 after purchasing an additional 77,813 shares during the last quarter. Mariner LLC grew its stake in Alger 35 ETF by 5.6% in the fourth quarter. Mariner LLC now owns 97,876 shares of the company’s stock valued at $3,413,000 after purchasing an additional 5,164 shares during the last quarter. Vista Investment Partners II LLC bought a new position in Alger 35 ETF in the fourth quarter worth about $3,360,000. Finally, Chilton Investment Co. Inc. bought a new position in Alger 35 ETF in the third quarter worth about $2,936,000.

Alger 35 ETF Stock Up 1.2%

Shares of NYSEARCA ATFV traded up $0.40 during midday trading on Friday, reaching $32.76. 713 shares of the company’s stock traded hands, compared to its average volume of 35,938. The stock’s 50 day simple moving average is $34.30 and its 200-day simple moving average is $34.59. Alger 35 ETF has a one year low of $18.98 and a one year high of $36.90. The company has a market cap of $117.94 million, a price-to-earnings ratio of 29.96 and a beta of 1.29.

Alger 35 ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders 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.