Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Shares Shorted: Short Interest Down 92.9% in October

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,373 shares, a decrease of 92.9% from the September 30th total of 47,606 shares. Based on an average daily trading volume, of 35,792 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned 0.17% of Alger Mid Cap 40 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Alger Mid Cap 40 ETF Trading Up 1.6%

FRTY stock traded up $0.36 during trading on Wednesday, reaching $22.76. The stock had a trading volume of 4,426 shares, compared to its average volume of 28,341. Alger Mid Cap 40 ETF has a 1-year low of $18.46 and a 1-year high of $24.82. The company has a market capitalization of $146.80 million, a P/E ratio of 36.46 and a beta of 1.12. The firm has a fifty day moving average price of $22.82 and a 200 day moving average price of $21.99.

About Alger Mid Cap 40 ETF

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.