AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Significant Growth in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 6,454 shares, a growth of 114.8% from the December 15th total of 3,004 shares. Based on an average daily trading volume, of 12,377 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 12,377 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of AB US Low Volatility Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC boosted its stake in AB US Low Volatility Equity ETF by 7.5% in the 2nd quarter. Wagner Wealth Management LLC now owns 141,695 shares of the company’s stock worth $10,643,000 after purchasing an additional 9,851 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of AB US Low Volatility Equity ETF by 65.0% during the second quarter. Envestnet Asset Management Inc. now owns 13,995 shares of the company’s stock worth $1,051,000 after acquiring an additional 5,514 shares during the last quarter. Intrepid Financial Planning Group LLC grew its stake in AB US Low Volatility Equity ETF by 3.2% during the second quarter. Intrepid Financial Planning Group LLC now owns 105,317 shares of the company’s stock valued at $7,911,000 after acquiring an additional 3,242 shares in the last quarter. Alliancebernstein L.P. grew its stake in AB US Low Volatility Equity ETF by 27.3% during the second quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock valued at $88,175,000 after acquiring an additional 251,630 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in AB US Low Volatility Equity ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $135,000 after acquiring an additional 900 shares during the last quarter.

AB US Low Volatility Equity ETF Trading Down 0.5%

AB US Low Volatility Equity ETF stock traded down $0.38 during midday trading on Wednesday, hitting $78.72. The stock had a trading volume of 8,124 shares, compared to its average volume of 14,125. AB US Low Volatility Equity ETF has a 52-week low of $62.19 and a 52-week high of $80.12. The company has a market capitalization of $181.06 million, a PE ratio of 25.59 and a beta of 0.71. The firm’s fifty day moving average is $78.52 and its two-hundred day moving average is $77.57.

AB US Low Volatility Equity ETF Company Profile

The AB US Low Volatility Equity ETF (LOWV) is an exchange-traded fund that mostly invests in total market equity. The fund is a portfolio of large- and mid-cap US stocks, actively managed to pursue lower volatility than the broader market. The selection and weighting of holdings is based on the Issuers fundamental and quantitative research. LOWV was launched on Mar 22, 2023 and is managed by AllianceBernstein.