Alger 35 ETF (NYSEARCA:ATFV) Sees Significant Drop in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,588 shares, a decline of 69.5% from the September 30th total of 24,906 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 101,364 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Alger 35 ETF by 21.3% during the second quarter. NewEdge Advisors LLC now owns 285,103 shares of the company’s stock worth $11,809,000 after purchasing an additional 50,147 shares during the period. Castle Rock Wealth Management LLC raised its position in shares of Alger 35 ETF by 97.6% in the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after buying an additional 39,546 shares in the last quarter. CFO Capital Management LLC raised its position in shares of Alger 35 ETF by 5.8% in the first quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock valued at $1,937,000 after buying an additional 3,384 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Alger 35 ETF by 32.5% in the second quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock valued at $1,782,000 after buying an additional 10,546 shares during the period. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Alger 35 ETF in the third quarter valued at approximately $1,484,000.

Alger 35 ETF Stock Performance

ATFV stock opened at $38.35 on Wednesday. Alger 35 ETF has a 52 week low of $29.73 and a 52 week high of $42.00. The company has a market capitalization of $1.04 billion, a PE ratio of 29.96 and a beta of 1.33. The company’s 50-day simple moving average is $39.68 and its 200 day simple moving average is $37.33.

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.