Short Interest in Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Expands By 100.4%

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 7,766 shares, a growth of 100.4% from the April 15th total of 3,876 shares. Based on an average trading volume of 43,206 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Alger Mid Cap 40 ETF Price Performance

Shares of NYSEARCA:FRTY traded down $0.70 on Friday, reaching $21.71. The company’s stock had a trading volume of 21,743 shares, compared to its average volume of 37,685. The stock’s 50-day moving average is $20.47 and its two-hundred day moving average is $20.97. Alger Mid Cap 40 ETF has a 52-week low of $17.10 and a 52-week high of $23.36. The stock has a market capitalization of $135.90 million, a P/E ratio of 36.46 and a beta of 1.11.

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 business. Flagship Harbor Advisors LLC raised its holdings in shares of Alger Mid Cap 40 ETF by 2.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock valued at $1,797,000 after buying an additional 2,064 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Alger Mid Cap 40 ETF by 5.5% in the third quarter. NewEdge Advisors LLC now owns 46,630 shares of the company’s stock valued at $1,044,000 after buying an additional 2,416 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Alger Mid Cap 40 ETF by 6.8% in the third quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock valued at $1,114,000 after buying an additional 3,162 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Alger Mid Cap 40 ETF in the first quarter valued at about $204,000.

Alger Mid Cap 40 ETF Company Profile

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.