Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 16,986 shares, a drop of 46.2% from the July 15th total of 31,582 shares. Based on an average daily trading volume, of 53,244 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.
Alger 35 ETF Stock Down 0.6%
Shares of ATFV traded down $0.26 during mid-day trading on Monday, hitting $40.96. 19,791 shares of the company’s stock traded hands, compared to its average volume of 44,695. The firm has a market capitalization of $241.66 million, a P/E ratio of 29.96 and a beta of 1.32. The business’s 50-day moving average price is $39.26 and its 200-day moving average price is $36.64. Alger 35 ETF has a 1 year low of $29.73 and a 1 year high of $42.00.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alger 35 ETF in the 3rd quarter worth about $83,000. Global Retirement Partners LLC purchased a new position in shares of Alger 35 ETF during the fourth quarter valued at about $182,000. Citadel Advisors LLC purchased a new position in shares of Alger 35 ETF during the third quarter valued at about $227,000. Fermata Advisors LLC bought a new position in Alger 35 ETF in the second quarter worth about $249,000. Finally, Integrated Wealth Concepts LLC bought a new position in Alger 35 ETF in the third quarter worth about $249,000.
Alger 35 ETF Company Profile
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.
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