Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Sees Large Increase in Short Interest

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 8,537 shares, a growth 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 trading volume, of 72,786 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading 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.

Hedge Funds Weigh In On Alger Mid Cap 40 ETF

A hedge fund recently bought a new stake in Alger Mid Cap 40 ETF stock. Whipplewood Advisors LLC acquired a new position in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,596 shares of the company’s stock, valued at approximately $895,000. Whipplewood Advisors LLC owned approximately 0.89% of Alger Mid Cap 40 ETF at the end of the most recent quarter.

Alger Mid Cap 40 ETF Price Performance

Shares of NYSEARCA FRTY opened at $21.36 on Monday. The company has a market capitalization of $122.61 million, a price-to-earnings ratio of 36.46 and a beta of 1.12. The business has a 50-day moving average of $21.33 and a two-hundred day moving average of $20.72. Alger Mid Cap 40 ETF has a 1 year low of $13.56 and a 1 year high of $23.36.

Alger Mid Cap 40 ETF Announces Dividend

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

About Alger Mid Cap 40 ETF

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.