Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) Stock Short Interest Report for October

Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 36,555 shares, an increase of 116.6% from the September 30th total of 16,878 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 62,204 shares, the short-interest ratio is currently 0.6 days.

Alger AI Enablers & Adopters ETF Trading Down 5.6%

ALAI stock traded down $2.45 during trading on Friday, hitting $40.96. The company had a trading volume of 142,711 shares, compared to its average volume of 83,666. The company has a fifty day moving average price of $45.21 and a two-hundred day moving average price of $41.09. Alger AI Enablers & Adopters ETF has a fifty-two week low of $30.84 and a fifty-two week high of $48.36. The company has a market cap of $2.36 billion, a P/E ratio of 29.71 and a beta of 1.89.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. XML Financial LLC increased its stake in Alger AI Enablers & Adopters ETF by 5.5% in the 2nd quarter. XML Financial LLC now owns 6,625 shares of the company’s stock valued at $302,000 after buying an additional 345 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Alger AI Enablers & Adopters ETF by 5.9% during the second quarter. Integrated Wealth Concepts LLC now owns 10,125 shares of the company’s stock worth $462,000 after buying an additional 565 shares during the last quarter. Noble Wealth Management PBC increased its holdings in shares of Alger AI Enablers & Adopters ETF by 1.4% in the third quarter. Noble Wealth Management PBC now owns 67,522 shares of the company’s stock valued at $3,138,000 after purchasing an additional 954 shares during the last quarter. CFO Capital Management LLC grew its stake in Alger AI Enablers & Adopters ETF by 3.8% in the 1st quarter. CFO Capital Management LLC now owns 35,036 shares of the company’s stock valued at $1,158,000 after buying an additional 1,285 shares during the last quarter. Finally, PCG Wealth Advisors LLC lifted its position in Alger AI Enablers & Adopters ETF by 4.3% during the second quarter. PCG Wealth Advisors LLC now owns 35,845 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,472 shares during the last quarter.

Alger AI Enablers & Adopters ETF Company Profile

The Alger AI Enablers & Adopters ETF (ALAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research ALAI was launched on Apr 4, 2024 and is issued by Alger.