Short Interest in Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Expands By 106.8%

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 16,240 shares, a growth of 106.8% from the May 14th total of 7,853 shares. Based on an average trading volume of 17,557 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Alger Mid Cap 40 ETF Stock Up 0.7%

Alger Mid Cap 40 ETF stock traded up $0.17 during mid-day trading on Friday, hitting $22.97. 2,534 shares of the company were exchanged, compared to its average volume of 33,830. The business has a fifty day moving average of $21.64 and a 200 day moving average of $21.14. Alger Mid Cap 40 ETF has a 1-year low of $17.88 and a 1-year high of $24.02. The company has a market capitalization of $143.79 million, a PE ratio of 36.46 and a beta of 1.13.

Institutional Trading of Alger Mid Cap 40 ETF

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in shares of Alger Mid Cap 40 ETF during the first quarter worth $204,000. NewEdge Advisors LLC bought a new stake in shares of Alger Mid Cap 40 ETF during the second quarter worth $850,000. Whipplewood Advisors LLC grew its holdings in shares of Alger Mid Cap 40 ETF by 6.8% during the third quarter. Whipplewood Advisors LLC now owns 49,758 shares of the company’s stock worth $1,114,000 after purchasing an additional 3,162 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Alger Mid Cap 40 ETF by 2.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 85,356 shares of the company’s stock worth $1,797,000 after purchasing an additional 2,064 shares during the last 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.