Alger 35 ETF (NYSEARCA:ATFV) Short Interest Up 93.0% in December

by · The Cerbat Gem

Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 7,460 shares, an increase of 93.0% from the December 15th total of 3,866 shares. Based on an average trading volume of 54,374 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 54,374 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Alger 35 ETF

Several institutional investors have recently made changes to their positions in ATFV. Avior Wealth Management LLC bought a new position in shares of Alger 35 ETF in the second quarter worth $484,000. NewEdge Advisors LLC purchased a new stake in Alger 35 ETF during the 2nd quarter worth about $460,000. DAVENPORT & Co LLC boosted its stake in Alger 35 ETF by 20.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 24,207 shares of the company’s stock worth $860,000 after purchasing an additional 4,095 shares during the period. Castle Rock Wealth Management LLC boosted its stake in Alger 35 ETF by 5.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 36,851 shares of the company’s stock worth $1,323,000 after purchasing an additional 1,932 shares during the period. Finally, Worth Asset Management LLC purchased a new position in Alger 35 ETF during the 3rd quarter valued at about $210,000.

Alger 35 ETF Stock Performance

NYSEARCA ATFV traded up $0.47 during trading on Thursday, hitting $35.96. 11,544 shares of the company’s stock traded hands, compared to its average volume of 42,232. The stock has a market capitalization of $124.42 million, a price-to-earnings ratio of 29.96 and a beta of 1.29. Alger 35 ETF has a 12-month low of $18.98 and a 12-month high of $36.90. The business has a 50 day moving average of $34.96 and a 200-day moving average of $33.62.

Alger 35 ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were issued a $0.0708 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 21.0%.

Alger 35 ETF Company Profile

(Get Free Report)

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.

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