Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Rises By 8,992.2%

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 97,650 shares, an increase of 8,992.2% from the February 26th total of 1,074 shares. Based on an average daily volume of 45,066 shares, the short-interest ratio is presently 2.2 days. Currently, 2.7% of the company’s shares are short sold. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 45,066 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Alger 35 ETF

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alger 35 ETF in the third quarter valued at approximately $83,000. Global Retirement Partners LLC bought a new stake in Alger 35 ETF during the 4th quarter valued at $182,000. Worth Asset Management LLC purchased a new position in shares of Alger 35 ETF in the 3rd quarter valued at $210,000. Citadel Advisors LLC bought a new position in shares of Alger 35 ETF in the 3rd quarter worth $227,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Alger 35 ETF in the 3rd quarter worth $249,000.

Alger 35 ETF Price Performance

Alger 35 ETF stock opened at $32.01 on Wednesday. Alger 35 ETF has a 1-year low of $18.98 and a 1-year high of $36.90. The firm has a market capitalization of $115.24 million, a P/E ratio of 29.96 and a beta of 1.29. The company’s 50-day moving average is $33.78 and its 200 day moving average is $34.63.

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.