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

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 32,213 shares, an increase of 268.7% from the December 31st total of 8,736 shares. Based on an average daily trading volume, of 25,843 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,843 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Alger Mid Cap 40 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Alger Mid Cap 40 ETF during the second quarter valued at $895,000. NewEdge Advisors LLC bought a new stake in Alger Mid Cap 40 ETF during the 2nd quarter worth about $850,000. Finally, Flagship Harbor Advisors LLC lifted its position in Alger Mid Cap 40 ETF by 2.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock valued at $1,797,000 after purchasing an additional 2,064 shares during the period.

Alger Mid Cap 40 ETF Trading Down 1.4%

NYSEARCA FRTY traded down $0.32 on Wednesday, hitting $21.82. 43,044 shares of the company were exchanged, compared to its average volume of 38,680. Alger Mid Cap 40 ETF has a 1-year low of $13.56 and a 1-year high of $23.36. The firm has a 50 day moving average of $21.34 and a two-hundred day moving average of $21.20. The company has a market cap of $140.30 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 disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were issued a dividend of $0.041 per share. The ex-dividend date of this dividend was 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.