Alger 35 ETF (NYSEARCA:ATFV) Sees Large Growth in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 449,252 shares, an increase of 3,251.9% from the June 15th total of 13,403 shares. Based on an average trading volume of 136,455 shares, the days-to-cover ratio is presently 3.3 days. Currently, 8.5% of the shares of the company are sold short.

Alger 35 ETF Stock Up 0.7%

ATFV stock traded up $0.29 during trading on Friday, reaching $40.00. 15,868 shares of the company’s stock were exchanged, compared to its average volume of 45,092. Alger 35 ETF has a 1-year low of $28.89 and a 1-year high of $42.00. The firm has a market cap of $212 million, a PE ratio of 29.96 and a beta of 1.31. The company’s fifty day moving average price is $39.55 and its 200-day moving average price is $36.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in shares of Alger 35 ETF by 1,186.9% during the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after purchasing an additional 216,699 shares during the period. Mountain Capital Investment Advisors Inc. boosted its stake in Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after purchasing an additional 214,661 shares during the period. Vista Investment Partners II LLC purchased a new position in shares of Alger 35 ETF during the fourth quarter valued at $3,360,000. Mariner LLC acquired a new position in shares of Alger 35 ETF in the 3rd quarter valued at about $3,293,000. Finally, Chilton Investment Co. Inc. acquired a new position in Alger 35 ETF in the 3rd quarter valued at approximately $2,936,000.

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.