Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 93.0% in December

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 7,460 shares, an increase of 93.0% from the December 15th total of 3,866 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 54,374 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 54,374 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Alger 35 ETF Price Performance

Alger 35 ETF stock traded down $0.27 during mid-day trading on Friday, reaching $35.58. 62,369 shares of the stock traded hands, compared to its average volume of 44,406. Alger 35 ETF has a 12-month low of $18.98 and a 12-month high of $36.90. The stock has a market capitalization of $123.11 million, a PE ratio of 29.96 and a beta of 1.29. The business’s 50-day moving average is $34.99 and its 200-day moving average is $33.67.

Alger 35 ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were issued a dividend of $0.0708 per share. This represents a yield of 21.0%. The ex-dividend date was Thursday, December 18th.

Institutional Investors Weigh In On Alger 35 ETF

Several large investors have recently modified their holdings of ATFV. Worth Asset Management LLC boosted its stake in shares of Alger 35 ETF by 52.5% during the fourth quarter. Worth Asset Management LLC now owns 8,999 shares of the company’s stock valued at $314,000 after purchasing an additional 3,097 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Alger 35 ETF by 5.3% during the fourth quarter. DAVENPORT & Co LLC now owns 25,485 shares of the company’s stock worth $889,000 after buying an additional 1,278 shares during the period. Avior Wealth Management LLC boosted its position in Alger 35 ETF by 44.7% during the 4th quarter. Avior Wealth Management LLC now owns 17,108 shares of the company’s stock valued at $597,000 after acquiring an additional 5,288 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Alger 35 ETF by 8.6% in the 3rd quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock valued at $601,000 after acquiring an additional 1,340 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Alger 35 ETF in the 3rd quarter worth $83,000.

Alger 35 ETF Company Profile

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.