Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 30.1% in January

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 6,437 shares, a growth of 30.1% from the January 15th total of 4,946 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 34,168 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 34,168 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Alger 35 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATFV. Mountain Capital Investment Advisors Inc. boosted its stake in shares of Alger 35 ETF by 25.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after buying an additional 214,661 shares during the last quarter. Vista Investment Partners II LLC acquired a new position in Alger 35 ETF during the fourth quarter valued at approximately $3,360,000. Mariner LLC acquired a new position in Alger 35 ETF during the third quarter valued at approximately $3,293,000. Chilton Investment Co. Inc. bought a new position in Alger 35 ETF in the third quarter valued at approximately $2,936,000. Finally, LPL Financial LLC increased its position in shares of Alger 35 ETF by 58.4% during 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 during the last quarter.

Alger 35 ETF Stock Up 0.2%

Shares of ATFV opened at $33.60 on Wednesday. Alger 35 ETF has a twelve month low of $18.98 and a twelve month high of $36.90. The stock has a market capitalization of $120.96 million, a P/E ratio of 29.96 and a beta of 1.29. The company has a 50 day moving average of $34.84 and a 200-day moving average of $34.44.

Alger 35 ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were given a $0.0708 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 21.0%.

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.