Alger Russell Innovation ETF (NYSEARCA:INVN) Short Interest Update

Alger Russell Innovation ETF (NYSEARCA:INVN) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 172 shares, a drop of 95.8% from the August 31st total of 4,076 shares. Based on an average daily trading volume, of 5,120 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Alger Russell Innovation ETF Stock Down 0.7%

Shares of Alger Russell Innovation ETF stock traded down $0.18 on Thursday, reaching $25.79. The stock had a trading volume of 4,724 shares, compared to its average volume of 4,030. The stock has a market capitalization of $12.12 million, a P/E ratio of -44.47 and a beta of 0.88. The company has a 50 day moving average price of $25.47 and a 200 day moving average price of $22.14. Alger Russell Innovation ETF has a 1 year low of $17.75 and a 1 year high of $27.54.

About Alger Russell Innovation ETF

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.