Alger Russell Innovation ETF (NYSEARCA:INVN) Shares Shorted: Short Interest Up 516.2% in October

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,559 shares, an increase of 516.2% from the October 15th total of 253 shares. Based on an average trading volume of 4,091 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Alger Russell Innovation ETF Stock Up 0.6%

Alger Russell Innovation ETF stock traded up $0.15 during midday trading on Wednesday, reaching $26.87. The stock had a trading volume of 1,832 shares, compared to its average volume of 3,767. The firm has a market capitalization of $10.75 million, a PE ratio of -46.33 and a beta of 0.87. Alger Russell Innovation ETF has a 12 month low of $17.75 and a 12 month high of $27.77. The firm’s 50-day moving average price is $26.41 and its 200 day moving average price is $22.51.

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.