Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Short Interest Update

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,537 shares, an increase of 128.5% from the November 30th total of 3,736 shares. Based on an average daily volume of 72,786 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 72,786 shares, the days-to-cover ratio is presently 0.1 days.

Alger Mid Cap 40 ETF Stock Performance

Shares of Alger Mid Cap 40 ETF stock opened at $21.36 on Friday. The company has a market capitalization of $122.61 million, a PE ratio of 36.46 and a beta of 1.12. The company has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $20.69. Alger Mid Cap 40 ETF has a one year low of $13.56 and a one year high of $23.36.

Alger Mid Cap 40 ETF Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.041 per share. This represents a dividend yield of 20.0%. The ex-dividend date is Thursday, December 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alger Mid Cap 40 ETF stock. Whipplewood Advisors LLC purchased a new stake in Alger Mid Cap 40 ETF (NYSEARCA:FRTY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,596 shares of the company’s stock, valued at approximately $895,000. Whipplewood Advisors LLC owned about 0.89% of Alger Mid Cap 40 ETF as of its most recent filing with the Securities & Exchange Commission.

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.