AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 34.5% in December

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 11,077 shares, an increase of 34.5% from the December 15th total of 8,235 shares. Based on an average daily trading volume, of 32,613 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 32,613 shares, the days-to-cover ratio is presently 0.3 days.

AB US Large Cap Strategic Equities ETF Trading Up 0.1%

Shares of LRGC traded up $0.04 on Friday, reaching $78.78. 21,327 shares of the company’s stock traded hands, compared to its average volume of 32,693. The stock has a market cap of $724.78 million, a PE ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a 52-week low of $55.94 and a 52-week high of $82.00. The stock’s 50 day simple moving average is $77.76 and its two-hundred day simple moving average is $76.13.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its holdings in AB US Large Cap Strategic Equities ETF by 121.4% in the third quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares in the last quarter. JPMorgan Chase & Co. bought a new position in AB US Large Cap Strategic Equities ETF in the 3rd quarter worth $55,000. PNC Financial Services Group Inc. purchased a new stake in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter worth about $64,000. Atlantic Union Bankshares Corp bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at about $85,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at about $210,000.

About AB US Large Cap Strategic Equities ETF

The AB US Large Cap Strategic Equities ETF (LRGC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US companies. Its stock selection process combines fundamental and quantitative research to identify opportunities while managing risk. LRGC was launched on Sep 20, 2023 and is issued by AB Funds.