Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Shares Shorted: Short Interest Down 92.9% in October

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,373 shares, a decline of 92.9% from the September 30th total of 47,606 shares. Based on an average daily trading volume, of 35,792 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Alger Mid Cap 40 ETF Stock Performance

Shares of FRTY traded up $0.36 during trading hours on Monday, hitting $21.92. 10,684 shares of the stock were exchanged, compared to its average volume of 28,537. Alger Mid Cap 40 ETF has a 12-month low of $18.46 and a 12-month high of $24.82. The company has a market cap of $141.38 million, a price-to-earnings ratio of 36.46 and a beta of 1.12. The stock’s 50-day moving average price is $22.86 and its two-hundred day moving average price is $22.59.

Institutional Investors Weigh In On Alger Mid Cap 40 ETF

A hedge fund recently bought a new stake in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned 0.17% of Alger Mid Cap 40 ETF as of its most recent SEC filing.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.