Alger 35 ETF (NYSEARCA:ATFV) Short Interest Update

Alger 35 ETF (NYSEARCA:ATFV) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 6,437 shares, a growth of 30.1% from the January 15th total of 4,946 shares. Based on an average daily trading volume, of 34,168 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 34,168 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Alger 35 ETF

A number of hedge funds have recently added to or reduced their stakes in ATFV. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alger 35 ETF during the 3rd quarter valued at $83,000. Global Retirement Partners LLC bought a new position in Alger 35 ETF in the fourth quarter valued at about $182,000. Worth Asset Management LLC bought a new position in Alger 35 ETF in the third quarter valued at about $210,000. Citadel Advisors LLC purchased a new position in Alger 35 ETF in the third quarter worth about $227,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Alger 35 ETF during the 3rd quarter valued at about $249,000.

Alger 35 ETF Stock Up 0.2%

Shares of NYSEARCA ATFV opened at $33.52 on Tuesday. The firm’s 50-day moving average price is $34.88 and its 200-day moving average price is $34.42. The company has a market cap of $120.67 million, a PE ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a 52-week low of $18.98 and a 52-week high of $36.90.

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 issued a $0.0708 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 21.0%.

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.