Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Declines By 46.2%

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 16,986 shares, a decrease of 46.2% from the July 15th total of 31,582 shares. Based on an average daily trading volume, of 53,244 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Alger 35 ETF

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Alger 35 ETF by 977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,224 shares of the company’s stock valued at $960,000 after buying an additional 22,883 shares during the last quarter. CFO Capital Management LLC bought a new stake in Alger 35 ETF during the fourth quarter worth $2,035,000. Mountain Capital Investment Advisors Inc. raised its holdings in shares of Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after purchasing an additional 214,661 shares during the period. Castle Rock Wealth Management LLC lifted its position in shares of Alger 35 ETF by 97.6% in the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after buying an additional 39,546 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Alger 35 ETF by 1,186.9% during the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after purchasing an additional 216,699 shares during the last quarter.

Alger 35 ETF Stock Performance

ATFV stock traded up $0.25 during midday trading on Friday, hitting $41.22. 12,990 shares of the company’s stock were exchanged, compared to its average volume of 44,857. Alger 35 ETF has a one year low of $29.73 and a one year high of $42.00. The company has a market cap of $243.20 million, a PE ratio of 29.96 and a beta of 1.32. The stock’s fifty day moving average price is $39.26 and its 200-day moving average price is $36.64.

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.