Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,766 shares, an increase of 100.4% from the April 15th total of 3,876 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 43,206 shares, the days-to-cover ratio is presently 0.2 days.
Alger Mid Cap 40 ETF Trading Down 3.1%
Shares of NYSEARCA FRTY traded down $0.70 during mid-day trading on Friday, reaching $21.71. 21,743 shares of the company’s stock were exchanged, compared to its average volume of 37,685. The firm has a market capitalization of $135.90 million, a price-to-earnings ratio of 36.46 and a beta of 1.11. The business has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $20.98. Alger Mid Cap 40 ETF has a twelve month low of $17.10 and a twelve month high of $23.36.
Institutional Investors Weigh In On Alger Mid Cap 40 ETF
A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in Alger Mid Cap 40 ETF in the 1st quarter valued at approximately $204,000. Flagship Harbor Advisors LLC raised its position 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 buying an additional 2,064 shares during the last quarter. NewEdge Advisors LLC raised its position in Alger Mid Cap 40 ETF by 5.5% in the 3rd quarter. NewEdge Advisors LLC now owns 46,630 shares of the company’s stock valued at $1,044,000 after buying an additional 2,416 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in shares of Alger Mid Cap 40 ETF by 6.8% during the 3rd quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock worth $1,114,000 after acquiring an additional 3,162 shares during the period.
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.
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