Alger Russell Innovation ETF (NYSEARCA:INVN) Short Interest Up ∞ in May

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant increase in short interest during 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. Based on an average daily volume of 3,823 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Alger Russell Innovation ETF Price Performance

NYSEARCA:INVN traded up $1.05 during mid-day trading on Monday, hitting $22.94. The company’s stock had a trading volume of 15,167 shares, compared to its average volume of 3,923. Alger Russell Innovation ETF has a 1 year low of $17.75 and a 1 year high of $23.05. The stock has a market cap of $13.08 million, a price-to-earnings ratio of -39.55 and a beta of 0.77. The business’s fifty day moving average is $19.59 and its two-hundred day moving average is $20.30.

About Alger Russell Innovation ETF

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.