Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Down 92.3% in March

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,028 shares, a decline of 92.3% from the March 15th total of 26,199 shares. Based on an average daily trading volume, of 73,296 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Alger Mid Cap 40 ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC increased its position in Alger Mid Cap 40 ETF by 2.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock worth $1,797,000 after acquiring an additional 2,064 shares during the period. NewEdge Advisors LLC increased its position in Alger Mid Cap 40 ETF by 5.5% during the third quarter. NewEdge Advisors LLC now owns 46,630 shares of the company’s stock worth $1,044,000 after acquiring an additional 2,416 shares during the period. Finally, Whipplewood Advisors LLC increased its position in Alger Mid Cap 40 ETF by 6.8% during the third quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock worth $1,114,000 after acquiring an additional 3,162 shares during the period.

Alger Mid Cap 40 ETF Stock Performance

Shares of Alger Mid Cap 40 ETF stock traded down $0.11 on Friday, reaching $20.15. The stock had a trading volume of 7,386 shares, compared to its average volume of 38,259. The business’s 50-day moving average price is $20.19 and its two-hundred day moving average price is $21.16. Alger Mid Cap 40 ETF has a fifty-two week low of $14.51 and a fifty-two week high of $23.36. The stock has a market cap of $121.91 million, a P/E ratio of 36.46 and a beta of 1.13.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.