Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Sees Significant Decrease in Short Interest

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,028 shares, a drop of 92.3% from the March 15th total of 26,199 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 73,296 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Alger Mid Cap 40 ETF

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in shares of Alger Mid Cap 40 ETF in the 2nd quarter worth $850,000. Whipplewood Advisors LLC grew its stake in shares of Alger Mid Cap 40 ETF by 6.8% in the 3rd quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock worth $1,114,000 after buying an additional 3,162 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Alger Mid Cap 40 ETF by 2.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock worth $1,797,000 after buying an additional 2,064 shares in the last quarter.

Alger Mid Cap 40 ETF Trading Down 0.5%

FRTY traded down $0.11 during trading on Friday, hitting $20.15. 7,386 shares of the company traded hands, compared to its average volume of 38,259. The company has a market cap of $121.91 million, a PE ratio of 36.46 and a beta of 1.13. The stock’s 50-day simple moving average is $20.19 and its two-hundred day simple moving average is $21.16. Alger Mid Cap 40 ETF has a 1 year low of $14.51 and a 1 year high of $23.36.

Alger Mid Cap 40 ETF Company Profile

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.