Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 18,107 shares, a decline of 49.2% from the April 30th total of 35,649 shares. Based on an average daily trading volume, of 61,090 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are sold short.
Alger 35 ETF Price Performance
Shares of ATFV traded up $1.54 during midday trading on Monday, reaching $41.74. The stock had a trading volume of 114,122 shares, compared to its average volume of 35,713. Alger 35 ETF has a 52 week low of $26.99 and a 52 week high of $41.94. The firm’s 50 day moving average price is $35.83 and its 200-day moving average price is $34.92. The company has a market capitalization of $160.28 million, a P/E ratio of 29.96 and a beta of 1.31.
Hedge Funds Weigh In On Alger 35 ETF
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alger 35 ETF in the 3rd quarter worth $83,000. Global Retirement Partners LLC acquired a new position in shares of Alger 35 ETF in the 4th quarter worth $182,000. Citadel Advisors LLC acquired a new position in shares of Alger 35 ETF in the 3rd quarter worth $227,000. Integrated Wealth Concepts LLC acquired a new position in shares of Alger 35 ETF in the 3rd quarter worth $249,000. Finally, Harbour Investments Inc. grew its holdings in shares of Alger 35 ETF by 3,458.8% in the 4th quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock worth $298,000 after acquiring an additional 8,301 shares during the last quarter.
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.
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