Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 16,986 shares, a drop of 46.2% from the July 15th total of 31,582 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 53,244 shares, the short-interest ratio is currently 0.3 days.

Alger 35 ETF Price Performance

ATFV stock traded up $0.25 during trading on Friday, reaching $41.22. 12,990 shares of the stock traded hands, compared to its average volume of 44,857. The business’s 50 day moving average price is $39.26 and its 200-day moving average price is $36.64. The firm has a market capitalization of $243.20 million, a PE ratio of 29.96 and a beta of 1.32. Alger 35 ETF has a 52-week low of $29.73 and a 52-week high of $42.00.

Institutional Investors Weigh In On Alger 35 ETF

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Alger 35 ETF in the third quarter valued at approximately $83,000. Global Retirement Partners LLC acquired a new stake in shares of Alger 35 ETF during the fourth quarter worth approximately $182,000. Citadel Advisors LLC bought a new stake in shares of Alger 35 ETF in the third quarter worth $227,000. Fermata Advisors LLC bought a new stake in shares of Alger 35 ETF in the 2nd quarter worth about $249,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Alger 35 ETF in the third quarter valued at about $249,000.

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.