Alger Russell Innovation ETF (NYSEARCA:INVN) Sees Large Growth in Short Interest

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,436 shares, a growth of 734.9% from the September 15th total of 172 shares. Based on an average daily volume of 1,771 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Alger Russell Innovation ETF Stock Up 1.0%

INVN stock opened at $26.28 on Friday. Alger Russell Innovation ETF has a 52 week low of $17.75 and a 52 week high of $27.54. The business has a 50-day simple moving average of $26.04 and a 200 day simple moving average of $22.63. The company has a market cap of $10.51 million, a PE ratio of -45.31 and a beta of 0.92.

About Alger Russell Innovation ETF

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.