Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Grows By 1,424.0%

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 22,494 shares, a growth of 1,424.0% from the March 31st total of 1,476 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 27,429 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATFV. NewEdge Advisors LLC bought a new position in shares of Alger 35 ETF during the 2nd quarter valued at approximately $460,000. DAVENPORT & Co LLC raised its position in shares of Alger 35 ETF by 20.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 24,207 shares of the company’s stock valued at $860,000 after buying an additional 4,095 shares in the last quarter. Castle Rock Wealth Management LLC lifted its holdings in shares of Alger 35 ETF by 5.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock valued at $1,323,000 after acquiring an additional 1,932 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter valued at approximately $210,000. Finally, Beverly Hills Private Wealth LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter valued at approximately $322,000.

Alger 35 ETF Stock Performance

NYSEARCA ATFV opened at $36.68 on Friday. The company has a market capitalization of $139.75 million, a P/E ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a one year low of $22.33 and a one year high of $36.95. The stock has a 50 day moving average price of $33.46 and a 200-day moving average price of $34.44.

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.