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

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 10,135 shares, a drop of 80.9% from the January 29th total of 52,953 shares. Based on an average trading volume of 33,707 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 33,707 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC raised 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 acquiring an additional 2,064 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Alger Mid Cap 40 ETF by 5.5% in the third quarter. NewEdge Advisors LLC now owns 46,630 shares of the company’s stock valued at $1,044,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of Alger Mid Cap 40 ETF by 6.8% in the third 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.

Alger Mid Cap 40 ETF Stock Up 0.8%

Shares of FRTY stock traded up $0.16 on Wednesday, reaching $21.03. The stock had a trading volume of 37,012 shares, compared to its average volume of 34,500. Alger Mid Cap 40 ETF has a 12 month low of $13.56 and a 12 month high of $23.36. The firm has a market capitalization of $137.75 million, a price-to-earnings ratio of 36.46 and a beta of 1.12. The firm’s 50-day moving average is $21.31 and its two-hundred day moving average is $21.35.

Alger Mid Cap 40 ETF Dividend Announcement

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 $0.041 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 20.0%.

About Alger Mid Cap 40 ETF

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.