Alger 35 ETF (NYSEARCA:ATFV) Sees Large Drop in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,588 shares, a decline of 69.5% from the September 30th total of 24,906 shares. Based on an average trading volume of 101,364 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Alger 35 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATFV. Trek Financial LLC raised its position in shares of Alger 35 ETF by 57.9% during the third quarter. Trek Financial LLC now owns 8,555 shares of the company’s stock worth $348,000 after acquiring an additional 3,137 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in Alger 35 ETF by 8.5% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock worth $680,000 after purchasing an additional 1,305 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Alger 35 ETF during the third quarter valued at about $1,484,000. Fermata Advisors LLC increased its position in shares of Alger 35 ETF by 15.8% during the third quarter. Fermata Advisors LLC now owns 6,950 shares of the company’s stock valued at $283,000 after acquiring an additional 950 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Alger 35 ETF by 18.6% during the 3rd quarter. Avior Wealth Management LLC now owns 16,274 shares of the company’s stock valued at $662,000 after acquiring an additional 2,550 shares during the period.

Alger 35 ETF Trading Down 2.1%

ATFV stock traded down $0.80 during trading hours on Thursday, hitting $37.88. 9,952 shares of the stock were exchanged, compared to its average volume of 46,790. The company has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $37.35. Alger 35 ETF has a 12 month low of $29.73 and a 12 month high of $42.00. The firm has a market capitalization of $1.03 billion, a P/E ratio of 29.96 and a beta of 1.33.

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.