Alger 35 ETF (NYSEARCA:ATFV) Sees Significant Decline in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 31,582 shares, a decline of 93.0% from the June 30th total of 449,252 shares. Based on an average trading volume of 35,216 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Trading of Alger 35 ETF

Large investors have recently made changes to their positions in the stock. Vista Investment Partners II LLC bought a new position in shares of Alger 35 ETF in the fourth quarter worth about $3,360,000. Northwestern Mutual Wealth Management Co. increased its stake in Alger 35 ETF by 977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,224 shares of the company’s stock worth $960,000 after buying an additional 22,883 shares during the period. CFO Capital Management LLC bought a new stake in Alger 35 ETF during the 4th quarter valued at about $2,035,000. Mountain Capital Investment Advisors Inc. lifted its holdings in Alger 35 ETF by 25.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after buying an additional 214,661 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Alger 35 ETF by 1,186.9% in the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after buying an additional 216,699 shares during the period.

Alger 35 ETF Stock Performance

Alger 35 ETF stock traded down $1.22 during mid-day trading on Friday, hitting $36.98. The company’s stock had a trading volume of 236,923 shares, compared to its average volume of 45,532. The company has a 50 day moving average of $39.52 and a 200-day moving average of $36.27. The stock has a market cap of $205.98 million, a PE ratio of 29.96 and a beta of 1.31. Alger 35 ETF has a one year low of $29.73 and a one year high of $42.00.

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.