Alger 35 ETF (NYSEARCA:ATFV) Sees Large Decrease in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,213 shares, a decline of 34.6% from the January 29th total of 6,437 shares. Based on an average trading volume of 37,092 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 37,092 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Alger 35 ETF

Several large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alger 35 ETF during the 3rd quarter worth approximately $83,000. Global Retirement Partners LLC bought a new position in Alger 35 ETF in the fourth quarter worth $182,000. Worth Asset Management LLC acquired a new stake in Alger 35 ETF during the third quarter worth $210,000. Citadel Advisors LLC bought a new stake in Alger 35 ETF in the 3rd quarter valued at $227,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Alger 35 ETF in the 3rd quarter valued at $249,000.

Alger 35 ETF Stock Down 2.3%

Alger 35 ETF stock traded down $0.77 during mid-day trading on Friday, reaching $33.33. The company had a trading volume of 16,870 shares, compared to its average volume of 34,653. The firm has a market cap of $119.99 million, a price-to-earnings ratio of 29.96 and a beta of 1.29. The company has a 50 day moving average of $34.75 and a 200-day moving average of $34.54. Alger 35 ETF has a 52 week low of $18.98 and a 52 week high of $36.90.

Alger 35 ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were given a dividend of $0.0708 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 21.0%.

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.