Alger 35 ETF (NYSEARCA:ATFV) Sees Large Increase in Short Interest

Alger 35 ETF (NYSEARCA:ATFV) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 42,857 shares, an increase of 136.7% from the May 14th total of 18,107 shares. Based on an average daily trading volume, of 34,426 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.1% of the shares of the company are short sold.

Alger 35 ETF Stock Up 0.8%

Alger 35 ETF stock opened at $38.95 on Friday. Alger 35 ETF has a 52 week low of $27.50 and a 52 week high of $41.94. The company’s 50 day moving average price is $37.47 and its two-hundred day moving average price is $35.32. The stock has a market cap of $149.57 million, a P/E ratio of 29.96 and a beta of 1.33.

Hedge Funds Weigh In On Alger 35 ETF

Several hedge funds have recently modified their holdings of ATFV. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alger 35 ETF during the 3rd quarter worth approximately $83,000. Global Retirement Partners LLC bought a new position in shares of Alger 35 ETF during the 4th quarter worth approximately $182,000. Citadel Advisors LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter worth approximately $227,000. Integrated Wealth Concepts LLC bought a new position in shares of Alger 35 ETF during the 3rd quarter worth approximately $249,000. Finally, Harbour Investments Inc. lifted its position in shares of Alger 35 ETF by 3,458.8% during the 4th quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock worth $298,000 after buying an additional 8,301 shares in the last quarter.

About Alger 35 ETF

The Alger 35 ETF (ATFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of global growth stocks. The fund utilizes the Precidian non-transparent model. ATFV was launched on May 3, 2021 and is managed by Alger.