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

Alger 35 ETF (NYSEARCA:ATFV) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,946 shares, a drop of 33.7% from the December 31st total of 7,460 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 42,651 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Alger 35 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC lifted its position in Alger 35 ETF by 5.3% during the 4th quarter. DAVENPORT & Co LLC now owns 25,485 shares of the company’s stock worth $889,000 after acquiring an additional 1,278 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Alger 35 ETF by 8.6% during the third quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock worth $601,000 after purchasing an additional 1,340 shares during the period. Castle Rock Wealth Management LLC grew its position in Alger 35 ETF by 5.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock valued at $1,323,000 after buying an additional 1,932 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Alger 35 ETF in the 3rd quarter valued at $83,000. Finally, Worth Asset Management LLC increased its stake in Alger 35 ETF by 52.5% in the 4th quarter. Worth Asset Management LLC now owns 8,999 shares of the company’s stock valued at $314,000 after buying an additional 3,097 shares during the period.

Alger 35 ETF Trading Down 2.9%

Shares of Alger 35 ETF stock traded down $1.03 on Friday, hitting $34.17. The stock had a trading volume of 26,620 shares, compared to its average volume of 38,366. The company’s 50 day moving average price is $35.19 and its 200 day moving average price is $34.13. Alger 35 ETF has a 52-week low of $18.98 and a 52-week high of $36.90. The stock has a market cap of $120.96 million, a price-to-earnings ratio of 29.96 and a beta of 1.29.

Alger 35 ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were paid a $0.0708 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 21.0%.

About Alger 35 ETF

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.