Alger Russell Innovation ETF (NYSEARCA:INVN) Shares Shorted: Short Interest Up 734.9% in September

Alger Russell Innovation ETF (NYSEARCA:INVN) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,436 shares, an increase of 734.9% from the September 15th total of 172 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,771 shares, the days-to-cover ratio is currently 0.8 days.

Alger Russell Innovation ETF Stock Up 1.0%

INVN stock traded up $0.26 during trading on Friday, hitting $26.28. 765 shares of the company’s stock traded hands, compared to its average volume of 3,883. Alger Russell Innovation ETF has a 52 week low of $17.75 and a 52 week high of $27.54. The stock has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $22.66. The stock has a market capitalization of $10.51 million, a price-to-earnings ratio of -45.31 and a beta of 0.92.

About Alger Russell Innovation ETF

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.