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

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 4,946 shares, a decrease of 33.7% from the December 31st total of 7,460 shares. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Alger 35 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alger 35 ETF during the third quarter worth about $83,000. Worth Asset Management LLC acquired a new stake in Alger 35 ETF in the 3rd quarter valued at approximately $210,000. Citadel Advisors LLC bought a new stake in Alger 35 ETF in the 3rd quarter valued at approximately $227,000. Integrated Wealth Concepts LLC acquired a new position in Alger 35 ETF during the 3rd quarter worth approximately $249,000. Finally, Beverly Hills Private Wealth LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter worth approximately $322,000.

Alger 35 ETF Price Performance

ATFV traded down $1.03 during trading on Friday, reaching $34.17. The company had a trading volume of 26,620 shares, compared to its average volume of 38,366. The company has a market cap of $120.96 million, a P/E ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a 12 month low of $18.98 and a 12 month high of $36.90. The business’s fifty day moving average price is $35.19 and its 200 day moving average price is $34.10.

Alger 35 ETF Announces Dividend

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

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.