Alger 35 ETF (NYSEARCA:ATFV) Short Interest Down 68.7% in June

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,403 shares, a drop of 68.7% from the May 31st total of 42,857 shares. Based on an average daily volume of 61,738 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Alger 35 ETF

A number of large investors have recently bought and sold shares of ATFV. NewEdge Advisors LLC lifted its position in shares of Alger 35 ETF by 1,186.9% in the first quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock worth $7,371,000 after purchasing an additional 216,699 shares in the last quarter. Mountain Capital Investment Advisors Inc. boosted its holdings in shares of Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after buying an additional 214,661 shares during the last quarter. Vista Investment Partners II LLC bought a new position in shares of Alger 35 ETF in the 4th quarter valued at about $3,360,000. Mariner LLC acquired a new position in Alger 35 ETF during the third quarter worth approximately $3,293,000. Finally, Chilton Investment Co. Inc. acquired a new position in shares of Alger 35 ETF during the 3rd quarter worth approximately $2,936,000.

Alger 35 ETF Trading Up 1.3%

Shares of Alger 35 ETF stock traded up $0.54 during trading on Tuesday, reaching $41.28. The stock had a trading volume of 145,995 shares, compared to its average volume of 44,525. The company has a market capitalization of $158.52 million, a price-to-earnings ratio of 29.96 and a beta of 1.33. The stock has a fifty day moving average price of $38.94 and a two-hundred day moving average price of $35.75. Alger 35 ETF has a 52 week low of $28.35 and a 52 week high of $42.00.

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.