AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Sees Large Decrease in Short Interest

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 1,942 shares, a decrease of 74.1% from the January 29th total of 7,509 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 49,401 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 49,401 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. increased its position in AB US Large Cap Strategic Equities ETF by 20.9% in the 3rd quarter. Alliancebernstein L.P. now owns 6,497,847 shares of the company’s stock worth $499,785,000 after purchasing an additional 1,122,177 shares during the last quarter. LPL Financial LLC grew its position in AB US Large Cap Strategic Equities ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock worth $62,800,000 after buying an additional 45,087 shares in the last quarter. Good Life Advisors LLC raised its holdings in AB US Large Cap Strategic Equities ETF by 2.4% in the 2nd quarter. Good Life Advisors LLC now owns 115,012 shares of the company’s stock valued at $8,222,000 after acquiring an additional 2,700 shares in the last quarter. Wagner Wealth Management LLC lifted its position in shares of AB US Large Cap Strategic Equities ETF by 2.0% in the 4th quarter. Wagner Wealth Management LLC now owns 102,036 shares of the company’s stock worth $7,932,000 after acquiring an additional 1,957 shares during the period. Finally, MGO One Seven LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 23.8% during the 3rd quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock worth $6,413,000 after purchasing an additional 16,033 shares in the last quarter.

AB US Large Cap Strategic Equities ETF Stock Performance

Shares of NYSEARCA:LRGC traded down $0.52 during trading on Friday, hitting $77.33. The company’s stock had a trading volume of 31,641 shares, compared to its average volume of 47,847. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $55.94 and a fifty-two week high of $82.00. The stock’s 50-day moving average price is $78.13 and its two-hundred day moving average price is $77.14. The company has a market capitalization of $719.17 million, a PE ratio of 25.96 and a beta of 1.03.

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.