Alger Russell Innovation ETF (NYSEARCA:INVN) Stock Short Interest Declines 95.8%

Alger Russell Innovation ETF (NYSEARCA:INVN) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 172 shares, a decrease of 95.8% from the August 31st total of 4,076 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,120 shares, the days-to-cover ratio is currently 0.0 days.

Alger Russell Innovation ETF Stock Performance

Shares of INVN stock traded down $0.04 on Friday, hitting $25.75. 1,224 shares of the company’s stock traded hands, compared to its average volume of 4,014. The stock has a market capitalization of $12.10 million, a price-to-earnings ratio of -44.39 and a beta of 0.88. Alger Russell Innovation ETF has a one year low of $17.75 and a one year high of $27.54. The company’s fifty day simple moving average is $25.47 and its 200 day simple moving average is $22.14.

About Alger Russell Innovation ETF

The Alger Russell Innovation ETF (INVN) is an exchange-traded fund that is based on the Alger Russell Innovation index. The fund tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation. INVN was launched on Jan 6, 2025 and is issued by Alger.