Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Update

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,537 shares, an increase of 128.5% from the November 30th total of 3,736 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 72,786 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 72,786 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Alger Mid Cap 40 ETF Trading Down 0.1%

NYSEARCA FRTY opened at $21.36 on Friday. The business has a fifty day simple moving average of $21.33 and a 200 day simple moving average of $20.69. Alger Mid Cap 40 ETF has a 12 month low of $13.56 and a 12 month high of $23.36. The firm has a market capitalization of $122.61 million, a P/E ratio of 36.46 and a beta of 1.12.

Alger Mid Cap 40 ETF Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 18th will be given a dividend of $0.041 per share. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend is Thursday, December 18th.

Institutional Investors Weigh In On Alger Mid Cap 40 ETF

An institutional investor recently raised its position in Alger Mid Cap 40 ETF stock. NewEdge Advisors LLC grew its position in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,630 shares of the company’s stock after buying an additional 2,416 shares during the quarter. NewEdge Advisors LLC owned 0.81% of Alger Mid Cap 40 ETF worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission.

Alger Mid Cap 40 ETF Company Profile

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.