Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 25,855 shares, a growth of 104.3% from the August 15th total of 12,658 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,190 shares, the short-interest ratio is presently 2.3 days.
Alger Mid Cap 40 ETF Stock Up 1.1%
FRTY stock traded up $0.25 during trading on Wednesday, reaching $22.36. The company’s stock had a trading volume of 1,524 shares, compared to its average volume of 28,926. The company’s fifty day moving average is $22.75 and its 200-day moving average is $21.98. The company has a market capitalization of $156.48 million, a P/E ratio of 36.46 and a beta of 1.11. Alger Mid Cap 40 ETF has a 1 year low of $18.46 and a 1 year high of $24.82.
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 purchased a new position in Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 quarter.
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.
See Also
- Five stocks we like better than Alger Mid Cap 40 ETF
- Qualcomm’s Discount Could Vanish If Its AI Bet Pays Off
- Micron’s AI Memory Boom Could Send Shares 100% Higher
- Apple Stock Surges After Its Biggest Product Launch in Years—Can It Last?
- The Ultimate Cyber Shield: CrowdStrike Rises Past $235
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.
