Short Interest in Alger 35 ETF (NYSEARCA:ATFV) Decreases By 68.7%

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 13,403 shares, a decrease of 68.7% from the May 31st total of 42,857 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 61,738 shares, the short-interest ratio is currently 0.2 days.

Alger 35 ETF Price Performance

Shares of ATFV stock traded up $1.12 during trading hours on Monday, reaching $40.15. 41,357 shares of the company’s stock were exchanged, compared to its average volume of 39,742. The company’s 50 day moving average is $38.85 and its two-hundred day moving average is $35.71. The company has a market cap of $154.18 million, a P/E ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a 1 year low of $28.35 and a 1 year high of $42.00.

Hedge Funds Weigh In On Alger 35 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vista Investment Partners II LLC purchased a new position in shares of Alger 35 ETF in the fourth quarter valued at $3,360,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alger 35 ETF by 977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,224 shares of the company’s stock worth $960,000 after buying an additional 22,883 shares in the last quarter. CFO Capital Management LLC acquired a new stake in Alger 35 ETF in the 4th quarter valued at about $2,035,000. Mountain Capital Investment Advisors Inc. grew its stake in Alger 35 ETF by 25.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after acquiring an additional 214,661 shares during the last quarter. Finally, Chilton Investment Co. Inc. purchased a new position in Alger 35 ETF during the 3rd quarter valued at about $2,936,000.

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.