Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 136.7% in May

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 42,857 shares, an increase of 136.7% from the May 14th total of 18,107 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 34,426 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Alger 35 ETF

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of Alger 35 ETF by 1,186.9% in the first quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock worth $7,371,000 after purchasing an additional 216,699 shares during the last quarter. CFO Capital Management LLC increased its holdings in shares of Alger 35 ETF by 5.8% in the first quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock worth $1,937,000 after purchasing an additional 3,384 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of Alger 35 ETF by 30.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 12,320 shares of the company’s stock worth $386,000 after purchasing an additional 2,881 shares during the last quarter. Mariner LLC increased its holdings in shares of Alger 35 ETF by 5.6% in the fourth quarter. Mariner LLC now owns 97,876 shares of the company’s stock worth $3,413,000 after purchasing an additional 5,164 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Alger 35 ETF by 373.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 33,232 shares of the company’s stock worth $1,159,000 after acquiring an additional 26,209 shares in the last quarter.

Alger 35 ETF Stock Up 0.8%

NYSEARCA:ATFV traded up $0.31 on Friday, reaching $38.95. 24,332 shares of the company’s stock traded hands, compared to its average volume of 37,531. The stock has a 50-day simple moving average of $37.47 and a 200-day simple moving average of $35.33. The firm has a market cap of $149.57 million, a PE ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a 12 month low of $27.50 and a 12 month high of $41.94.

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.