Alger Russell Innovation ETF (NYSEARCA:INVN) Stock Short Interest Falls 95.8%

Alger Russell Innovation ETF (NYSEARCA:INVN) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 172 shares, a drop of 95.8% from the August 31st total of 4,076 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,120 shares, the days-to-cover ratio is presently 0.0 days.

Alger Russell Innovation ETF Stock Performance

NYSEARCA:INVN traded down $0.13 during trading hours on Friday, reaching $25.66. The company’s stock had a trading volume of 3,233 shares, compared to its average volume of 4,025. The company has a market capitalization of $10.26 million, a P/E ratio of -44.24 and a beta of 0.88. Alger Russell Innovation ETF has a 12 month low of $17.75 and a 12 month high of $27.54. The stock has a 50 day moving average price of $25.53 and a two-hundred day moving average price of $22.17.

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.