Alger Russell Innovation ETF (NYSEARCA:INVN) Sees Large Increase in Short Interest

Alger Russell Innovation ETF (NYSEARCA:INVN) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 208 shares, an increase of ? from the April 30th total of 0 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,823 shares, the days-to-cover ratio is presently 0.1 days.

Alger Russell Innovation ETF Price Performance

NYSEARCA:INVN remained flat at $22.46 on Wednesday. The company’s stock had a trading volume of 5,933 shares, compared to its average volume of 3,942. Alger Russell Innovation ETF has a 12-month low of $17.75 and a 12-month high of $23.05. The business has a 50 day moving average of $19.67 and a 200-day moving average of $20.31. The firm has a market capitalization of $12.80 million, a PE ratio of -38.72 and a beta of 0.77.

Alger Russell Innovation ETF Company Profile

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.