Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 3,251.9% in June

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 449,252 shares, an increase of 3,251.9% from the June 15th total of 13,403 shares. Based on an average trading volume of 136,455 shares, the days-to-cover ratio is presently 3.3 days. Currently, 8.5% of the shares of the company are sold short.

Alger 35 ETF Price Performance

Alger 35 ETF stock traded up $0.29 during midday trading on Friday, hitting $40.00. The company’s stock had a trading volume of 15,868 shares, compared to its average volume of 45,092. The company has a market cap of $215.60 million, a price-to-earnings ratio of 29.96 and a beta of 1.31. Alger 35 ETF has a 1-year low of $28.89 and a 1-year high of $42.00. The company has a 50-day moving average price of $39.55 and a two-hundred day moving average price of $36.07.

Institutional Investors Weigh In On Alger 35 ETF

A number of large 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 valued at $889,000 after acquiring an additional 1,278 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Alger 35 ETF by 8.6% in the third quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock worth $601,000 after purchasing an additional 1,340 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alger 35 ETF in the third quarter worth $83,000. Onyx Bridge Wealth Group LLC raised its stake in 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 valued at $386,000 after purchasing an additional 2,881 shares in the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in Alger 35 ETF by 8.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 39,811 shares of the company’s stock valued at $1,342,000 after purchasing an additional 2,960 shares in the last quarter.

Alger 35 ETF Company Profile

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.