Alger Concentrated Equity ETF (NYSEARCA:CNEQ) Stock Short Interest Report for October

Alger Concentrated Equity ETF (NYSEARCA:CNEQ) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 311,511 shares, an increase of 134.9% from the September 30th total of 132,591 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 324,969 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC acquired a new stake in Alger Concentrated Equity ETF in the 3rd quarter valued at about $9,259,000. WPG Advisers LLC lifted its position in shares of Alger Concentrated Equity ETF by 6.0% in the 3rd quarter. WPG Advisers LLC now owns 162,283 shares of the company’s stock worth $6,594,000 after acquiring an additional 9,118 shares during the period. Flagship Harbor Advisors LLC raised its stake in Alger Concentrated Equity ETF by 1.1% during the third quarter. Flagship Harbor Advisors LLC now owns 434,004 shares of the company’s stock worth $17,634,000 after acquiring an additional 4,864 shares in the last quarter. Wealth Management Partners LLC increased its stake in shares of Alger Concentrated Equity ETF by 11.5% in the third quarter. Wealth Management Partners LLC now owns 103,527 shares of the company’s stock valued at $4,206,000 after buying an additional 10,675 shares in the last quarter. Finally, Wavvest Wealth LLC acquired a new position in Alger Concentrated Equity ETF in the third quarter valued at approximately $304,000.

Alger Concentrated Equity ETF Stock Performance

Alger Concentrated Equity ETF stock traded down $1.65 during trading on Friday, reaching $36.94. The company had a trading volume of 261,693 shares, compared to its average volume of 193,482. The stock’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $37.40. Alger Concentrated Equity ETF has a 12-month low of $29.47 and a 12-month high of $42.15. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 35.92 and a beta of 1.72.

About Alger Concentrated Equity ETF

The Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, targeting large-cap companies with high growth potential. The fund maintains a concentrated portfolio of no more than 30 stocks, seeking long-term captial appreciation CNEQ was launched on Apr 4, 2024 and is issued by Alger.