Alger 35 ETF (NYSEARCA:ATFV) Short Interest Down 93.0% in July

Alger 35 ETF (NYSEARCA:ATFV) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 31,582 shares, a decrease of 93.0% from the June 30th total of 449,252 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,216 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Castle Rock Wealth Management LLC boosted its holdings in shares of Alger 35 ETF by 97.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock worth $3,203,000 after purchasing an additional 39,546 shares during the last quarter. Fermata Advisors LLC acquired a new stake in shares of Alger 35 ETF in the second quarter valued at approximately $249,000. NewEdge Advisors LLC increased its holdings in shares of Alger 35 ETF by 1,186.9% in the first quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after purchasing an additional 216,699 shares during the last quarter. CFO Capital Management LLC lifted its position in Alger 35 ETF by 5.8% during the first quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock worth $1,937,000 after buying an additional 3,384 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in Alger 35 ETF by 30.5% during the first quarter. Onyx Bridge Wealth Group LLC now owns 12,320 shares of the company’s stock worth $386,000 after buying an additional 2,881 shares in the last quarter.

Alger 35 ETF Stock Performance

Shares of NYSEARCA:ATFV traded down $1.22 during midday trading on Friday, hitting $36.98. The company’s stock had a trading volume of 236,923 shares, compared to its average volume of 45,532. The company has a market cap of $205.98 million, a P/E ratio of 29.96 and a beta of 1.31. Alger 35 ETF has a 12-month low of $29.73 and a 12-month high of $42.00. The business’s 50 day simple moving average is $39.52 and its 200 day simple moving average is $36.27.

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.