Alger 35 ETF (NYSEARCA:ATFV) Shares Shorted: Short Interest Up 422.6% in October

Alger 35 ETF (NYSEARCA:ATFV) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 39,657 shares, an increase of 422.6% from the October 15th total of 7,588 shares. Based on an average trading volume of 45,647 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Alger 35 ETF Stock Performance

ATFV traded down $0.62 during midday trading on Friday, reaching $34.12. 91,729 shares of the company were exchanged, compared to its average volume of 46,578. The company’s fifty day moving average price is $38.74 and its 200 day moving average price is $37.34. The company has a market cap of $550.70 million, a price-to-earnings ratio of 24.59 and a beta of 1.35. Alger 35 ETF has a one year low of $29.73 and a one year high of $42.00.

Institutional Investors Weigh In On Alger 35 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ATFV. Proactive Wealth Strategies LLC bought a new stake in shares of Alger 35 ETF in the 3rd quarter worth $242,000. Fermata Advisors LLC purchased a new position in Alger 35 ETF during the second quarter worth about $249,000. Trek Financial LLC grew its position in Alger 35 ETF by 57.9% in the 3rd quarter. Trek Financial LLC now owns 8,555 shares of the company’s stock worth $348,000 after purchasing an additional 3,137 shares in the last quarter. Avior Wealth Management LLC grew its position in Alger 35 ETF by 18.6% in the 3rd quarter. Avior Wealth Management LLC now owns 16,274 shares of the company’s stock worth $662,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in Alger 35 ETF by 8.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock worth $680,000 after purchasing an additional 1,305 shares in the last quarter.

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.