Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 1,424.0% in April

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. Based on an average daily trading volume, of 27,429 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Alger 35 ETF

A number of institutional investors have recently modified their holdings of ATFV. DAVENPORT & Co LLC grew its position in Alger 35 ETF by 5.3% in the 4th quarter. DAVENPORT & Co LLC now owns 25,485 shares of the company’s stock valued at $889,000 after purchasing an additional 1,278 shares during the period. NewEdge Advisors LLC raised its holdings in Alger 35 ETF by 8.6% during the third quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock worth $601,000 after buying an additional 1,340 shares during the last quarter. Castle Rock Wealth Management LLC raised its holdings in Alger 35 ETF by 5.5% during the third quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock worth $1,323,000 after buying an additional 1,932 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alger 35 ETF in the third quarter valued at $83,000. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Alger 35 ETF by 30.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 12,320 shares of the company’s stock valued at $386,000 after buying an additional 2,881 shares in the last quarter.

Alger 35 ETF Trading Up 1.3%

ATFV stock traded up $0.48 during trading on Friday, reaching $36.68. 15,977 shares of the stock were exchanged, compared to its average volume of 31,702. The firm’s 50 day moving average is $33.40 and its 200 day moving average is $34.45. The firm has a market cap of $139.75 million, a P/E ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a twelve month low of $22.33 and a twelve month high of $36.95.

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.