Alger Russell Innovation ETF (NYSEARCA:INVN) Shares Shorted: Short Interest Up 734.9% in September

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,436 shares, a growth of 734.9% from the September 15th total of 172 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,771 shares, the days-to-cover ratio is currently 0.8 days.

Alger Russell Innovation ETF Stock Performance

NYSEARCA INVN opened at $26.28 on Friday. The firm has a 50-day moving average of $26.04 and a 200-day moving average of $22.63. The stock has a market cap of $10.51 million, a PE ratio of -45.31 and a beta of 0.92. Alger Russell Innovation ETF has a 52-week low of $17.75 and a 52-week high of $27.54.

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.