Alger 35 ETF (NYSEARCA:ATFV) Sees Significant Decrease in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 31,582 shares, a drop of 93.0% from the June 30th total of 449,252 shares. Based on an average daily trading volume, of 35,216 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Alger 35 ETF

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Alger 35 ETF during the third quarter worth approximately $83,000. Global Retirement Partners LLC acquired a new position in shares of Alger 35 ETF in the 4th quarter valued at $182,000. Citadel Advisors LLC acquired a new position in shares of Alger 35 ETF in the 3rd quarter valued at $227,000. Fermata Advisors LLC purchased a new stake in shares of Alger 35 ETF during the 2nd quarter valued at $249,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Alger 35 ETF during the 3rd quarter valued at $249,000.

Alger 35 ETF Trading Down 3.2%

ATFV traded down $1.22 during midday trading on Friday, hitting $36.98. The company’s stock had a trading volume of 236,923 shares, compared to its average volume of 45,532. The firm has a market cap of $205.98 million, a P/E ratio of 29.96 and a beta of 1.31. The firm has a 50-day moving average price of $39.52 and a two-hundred day moving average price of $36.27. Alger 35 ETF has a 52-week low of $29.73 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.