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The Fund invests at least 80% of its net assets, in equity securities of companies of any market capitalization that it believes will benefit from AI, demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. In effecting the Fund's investment strategy, the Manager initially employs its fundamental, proprietary investment research investment process to identify companies undergoing Positive Dynamic Change. Next, the Manager determines whether it believes such companies benefit from AI by classifying them into two categories AI Enablers and AI Adopters. AI Enablers include companies developing the building block components for and investing in AI infrastructure such as machinery, hardware, software and services. AI Adopters include companies that integrate AI into their businesses to enhance their products or services or make their operations more productive.
Alger Ai Enablers & Adopters ETF trades on the ARCA stock market under the symbol ALAI.
As of December 18, 2025, ALAI stock price climbed to $35.75 with 66,885 million shares trading.
ALAI has a beta of 1.51, meaning it tends to be more sensitive to market movements. ALAI has a correlation of 0.79 to the broad based SPY ETF.
ALAI has a market cap of $299.42 million. This is considered a Small Cap stock.
ALAI has outperformed the market in the last year with a return of +32.0%, while the SPY ETF gained +13.1%. However, in the most recent history, ALAI shares have underperformed the stock market with its stock returning -2.2% in the last 3 month period and -2.8% for the last 2 week period, while SPY has returned +2.9% and -1.1%, respectively.
ALAI support price is $34.09 and resistance is $35.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALAI shares will trade within this expected range on the day.
