Short Interest in Alger Russell Innovation ETF (NYSEARCA:INVN) Grows By 343.9%

Alger Russell Innovation ETF (NYSEARCA:INVN) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,132 shares, an increase of 343.9% from the June 15th total of 255 shares. Based on an average daily trading volume, of 1,360 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

Alger Russell Innovation ETF Trading Down 0.5%

Shares of INVN stock traded down $0.11 during trading hours on Friday, reaching $22.47. The company’s stock had a trading volume of 1,454 shares, compared to its average volume of 3,504. Alger Russell Innovation ETF has a one year low of $17.75 and a one year high of $23.06. The stock has a market capitalization of $10.11 million, a P/E ratio of -38.74 and a beta of 0.89. The firm’s fifty day simple moving average is $21.18 and its 200 day simple moving average is $20.35.

Alger Russell Innovation ETF Company Profile

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.