Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 29,431 shares, an increase of 62.0% from the July 15th total of 18,171 shares. Based on an average daily trading volume, of 28,783 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.
Alger Mid Cap 40 ETF Stock Up 0.7%
Shares of NYSEARCA:FRTY traded up $0.17 during midday trading on Monday, hitting $23.77. The stock had a trading volume of 12,694 shares, compared to its average volume of 30,633. The company’s 50-day moving average price is $23.09 and its 200-day moving average price is $21.69. Alger Mid Cap 40 ETF has a fifty-two week low of $18.46 and a fifty-two week high of $24.82. The company has a market capitalization of $153.32 million, a P/E ratio of 36.46 and a beta of 1.12.
Institutional Investors Weigh In On Alger Mid Cap 40 ETF
A hedge fund recently raised its stake in Alger Mid Cap 40 ETF stock. NewEdge Advisors LLC boosted its holdings in Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Free Report) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,630 shares of the company’s stock after buying an additional 2,416 shares during the quarter. NewEdge Advisors LLC owned approximately 0.81% of Alger Mid Cap 40 ETF worth $1,044,000 at the end of the most recent reporting period.
Alger Mid Cap 40 ETF Company Profile
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.
Further Reading
- Five stocks we like better than Alger Mid Cap 40 ETF
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Alger Mid Cap 40 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alger Mid Cap 40 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
