Alger Russell Innovation ETF (NYSEARCA:INVN) Shares Shorted: Short Interest Down 82.4% in October

Alger Russell Innovation ETF (NYSEARCA:INVN) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 253 shares, a decline of 82.4% from the September 30th total of 1,436 shares. Based on an average daily volume of 1,096 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Alger Russell Innovation ETF Stock Performance

NYSEARCA:INVN traded down $0.33 during mid-day trading on Thursday, hitting $27.08. 732 shares of the stock were exchanged, compared to its average volume of 3,822. The firm’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $22.26. The stock has a market capitalization of $10.83 million, a price-to-earnings ratio of -46.69 and a beta of 0.92. Alger Russell Innovation ETF has a fifty-two week low of $17.75 and a fifty-two week high of $27.77.

Alger Russell Innovation ETF Company Profile

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.