Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 47,606 shares, an increase of 752.1% from the September 15th total of 5,587 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 17,296 shares, the short-interest ratio is currently 2.8 days.
Alger Mid Cap 40 ETF Price Performance
Alger Mid Cap 40 ETF stock opened at $23.47 on Monday. Alger Mid Cap 40 ETF has a 12-month low of $18.46 and a 12-month high of $24.82. The company has a market capitalization of $155.37 million, a price-to-earnings ratio of 36.46 and a beta of 1.12. The firm’s fifty day moving average price is $23.09 and its 200 day moving average price is $22.40.
Hedge Funds Weigh In On Alger Mid Cap 40 ETF
An institutional investor recently bought a new stake in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned approximately 0.17% of Alger Mid Cap 40 ETF at the end of the most recent reporting 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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