Alger 35 ETF (NYSEARCA:ATFV) Shares Shorted: Short Interest Up 422.6% in October

Alger 35 ETF (NYSEARCA:ATFV) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 39,657 shares, an increase of 422.6% from the October 15th total of 7,588 shares. Based on an average daily volume of 45,647 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Alger 35 ETF Trading Up 3.2%

Alger 35 ETF stock traded up $1.11 on Wednesday, reaching $35.65. 14,238 shares of the stock were exchanged, compared to its average volume of 46,490. The stock has a market cap of $717.99 million, a PE ratio of 24.59 and a beta of 1.34. Alger 35 ETF has a twelve month low of $29.73 and a twelve month high of $42.00. The firm has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $37.34.

Hedge Funds Weigh In On Alger 35 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ATFV. Proactive Wealth Strategies LLC acquired a new stake in Alger 35 ETF in the 3rd quarter worth $242,000. Commonwealth Equity Services LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter worth about $1,008,000. Trek Financial LLC raised its position in shares of Alger 35 ETF by 57.9% during the third quarter. Trek Financial LLC now owns 8,555 shares of the company’s stock valued at $348,000 after buying an additional 3,137 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of Alger 35 ETF by 8.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock valued at $680,000 after buying an additional 1,305 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Alger 35 ETF in the third quarter valued at about $1,484,000.

About Alger 35 ETF

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.