Alger Russell Innovation ETF (NYSEARCA:INVN – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,559 shares, a growth of 516.2% from the October 15th total of 253 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,091 shares, the short-interest ratio is currently 0.4 days.
Alger Russell Innovation ETF Stock Down 0.1%
Alger Russell Innovation ETF stock traded down $0.04 during midday trading on Friday, reaching $26.94. 4,218 shares of the stock traded hands, compared to its average volume of 3,768. The stock’s fifty day moving average is $26.42 and its 200-day moving average is $22.56. Alger Russell Innovation ETF has a 12 month low of $17.75 and a 12 month high of $27.77. The stock has a market cap of $10.78 million, a P/E ratio of -46.59 and a beta of 0.87.
About Alger Russell Innovation ETF
The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.
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