Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,373 shares, a decrease of 92.9% from the September 30th total of 47,606 shares. Based on an average daily volume of 35,792 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
Alger Mid Cap 40 ETF Stock Up 1.8%
Shares of NYSEARCA:FRTY traded up $0.38 during trading on Tuesday, reaching $22.30. 1,958 shares of the company traded hands, compared to its average volume of 28,403. Alger Mid Cap 40 ETF has a 1-year low of $18.46 and a 1-year high of $24.82. The firm has a fifty day simple moving average of $22.85 and a 200 day simple moving average of $21.99. The firm has a market cap of $143.86 million, a P/E ratio of 36.46 and a beta of 1.12.
Institutional Trading of Alger Mid Cap 40 ETF
An institutional investor recently bought a new position in Alger Mid Cap 40 ETF stock. Janney Montgomery Scott LLC acquired a new stake in shares of Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,448 shares of the company’s stock, valued at approximately $204,000. Janney Montgomery Scott LLC owned about 0.17% of Alger Mid Cap 40 ETF at the end of the most recent quarter.
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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