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

Alger 35 ETF (NYSEARCA:ATFV) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 449,252 shares, an increase of 3,251.9% from the June 15th total of 13,403 shares. Based on an average trading volume of 136,455 shares, the short-interest ratio is currently 3.3 days. Currently, 8.5% of the shares of the company are short sold.

Alger 35 ETF Stock Performance

Shares of NYSEARCA ATFV traded up $0.29 during trading hours on Friday, reaching $40.00. 15,868 shares of the stock were exchanged, compared to its average volume of 45,092. The firm has a market capitalization of $215.60 million, a price-to-earnings ratio of 29.96 and a beta of 1.31. The stock’s fifty day simple moving average is $39.55 and its 200 day simple moving average is $36.07. Alger 35 ETF has a 52 week low of $28.89 and a 52 week high of $42.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc. boosted its position in shares of Alger 35 ETF by 25.4% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after acquiring an additional 214,661 shares during the period. NewEdge Advisors LLC raised its stake in Alger 35 ETF by 1,186.9% in the 1st 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. LPL Financial LLC raised its stake in Alger 35 ETF by 58.4% in the 4th quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock worth $7,357,000 after purchasing an additional 77,813 shares in the last quarter. Mariner LLC raised its stake in Alger 35 ETF by 5.6% in the 4th quarter. Mariner LLC now owns 97,876 shares of the company’s stock worth $3,413,000 after purchasing an additional 5,164 shares in the last quarter. Finally, Vista Investment Partners II LLC bought a new stake in Alger 35 ETF in the 4th quarter valued at about $3,360,000.

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.