Alger Russell Innovation ETF (NYSEARCA:INVN) Stock Short Interest Falls 95.8%

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 172 shares, a decline of 95.8% from the August 31st total of 4,076 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,120 shares, the short-interest ratio is currently 0.0 days.

Alger Russell Innovation ETF Trading Down 0.7%

INVN traded down $0.18 during midday trading on Thursday, hitting $25.79. 4,724 shares of the company were exchanged, compared to its average volume of 4,030. The company’s 50 day simple moving average is $25.47 and its 200 day simple moving average is $22.14. The firm has a market capitalization of $12.12 million, a price-to-earnings ratio of -44.47 and a beta of 0.88. Alger Russell Innovation ETF has a 1-year low of $17.75 and a 1-year high of $27.54.

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.