Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 13,403 shares, a decrease of 68.7% from the May 31st total of 42,857 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 61,738 shares, the days-to-cover ratio is currently 0.2 days.

Alger 35 ETF Stock Performance

Shares of NYSEARCA ATFV traded down $0.61 during mid-day trading on Friday, reaching $39.03. 73,323 shares of the company traded hands, compared to its average volume of 39,846. The company’s fifty day moving average is $38.85 and its two-hundred day moving average is $35.71. Alger 35 ETF has a fifty-two week low of $28.35 and a fifty-two week high of $42.00. The stock has a market cap of $149.88 million, a PE ratio of 29.96 and a beta of 1.33.

Hedge Funds Weigh In On Alger 35 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC raised its holdings in Alger 35 ETF by 5.3% in the 4th quarter. DAVENPORT & Co LLC now owns 25,485 shares of the company’s stock worth $889,000 after acquiring an additional 1,278 shares during the period. NewEdge Advisors LLC boosted its holdings in Alger 35 ETF by 8.6% in the 3rd quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock valued at $601,000 after purchasing an additional 1,340 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Alger 35 ETF in the 3rd quarter valued at $83,000. Onyx Bridge Wealth Group LLC grew its position in Alger 35 ETF by 30.5% in the 1st 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. Finally, Castle Rock Wealth Management LLC increased its holdings in shares of Alger 35 ETF by 8.0% during the 4th quarter. Castle Rock Wealth Management LLC now owns 39,811 shares of the company’s stock worth $1,342,000 after purchasing an additional 2,960 shares during the period.

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.