Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Up 100.4% in April

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,766 shares, a growth of 100.4% from the April 15th total of 3,876 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 43,206 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Alger Mid Cap 40 ETF

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Alger Mid Cap 40 ETF in the 1st quarter valued at $204,000. NewEdge Advisors LLC bought a new stake in Alger Mid Cap 40 ETF in the 2nd quarter valued at $850,000. Whipplewood Advisors LLC boosted its stake in 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 valued at $1,114,000 after purchasing an additional 3,162 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its stake in 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 valued at $1,797,000 after purchasing an additional 2,064 shares during the period.

Alger Mid Cap 40 ETF Price Performance

FRTY traded down $0.70 during trading on Friday, hitting $21.71. The stock had a trading volume of 21,743 shares, compared to its average volume of 37,685. The company has a 50 day moving average price of $20.47 and a 200-day moving average price of $20.98. The firm has a market cap of $135.90 million, a price-to-earnings ratio of 36.46 and a beta of 1.11. Alger Mid Cap 40 ETF has a one year low of $17.10 and a one 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.