Short Interest in Alger Russell Innovation ETF (NYSEARCA:INVN) Grows By ∞

Alger Russell Innovation ETF (NYSEARCA:INVN – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 208 shares, an increase of ∞ from the April 30th total of 0 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,823 shares, the days-to-cover ratio is currently 0.1 days.

Alger Russell Innovation ETF Trading Down 2.1%

NYSEARCA:INVN traded down $0.48 on Tuesday, reaching $22.46. 5,933 shares of the stock traded hands, compared to its average volume of 3,942. Alger Russell Innovation ETF has a 1-year low of $17.75 and a 1-year high of $23.05. The company’s 50 day moving average is $19.67 and its 200-day moving average is $20.31. The firm has a market capitalization of $12.80 million, a price-to-earnings ratio of -38.72 and a beta of 0.77.

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Alger Russell Innovation ETF Company Profile

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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.

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