AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 1,226.0% in February

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 25,751 shares, a growth of 1,226.0% from the February 12th total of 1,942 shares. Based on an average trading volume of 73,262 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 73,262 shares, the short-interest ratio is currently 0.4 days.

AB US Large Cap Strategic Equities ETF Trading Down 1.6%

Shares of NYSEARCA LRGC traded down $1.21 during trading hours on Thursday, reaching $74.85. The stock had a trading volume of 49,993 shares, compared to its average volume of 50,202. AB US Large Cap Strategic Equities ETF has a 52-week low of $55.94 and a 52-week high of $82.00. The firm has a market cap of $696.11 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. The business’s fifty day moving average price is $77.88 and its two-hundred day moving average price is $77.28.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

Several hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. grew its position in shares of AB US Large Cap Strategic Equities ETF by 27.4% during the 2nd quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after buying an additional 1,157,643 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in AB US Large Cap Strategic Equities ETF in the fourth quarter worth about $6,168,000. LPL Financial LLC lifted its stake in AB US Large Cap Strategic Equities ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock worth $62,800,000 after acquiring an additional 45,087 shares during the period. Envestnet Asset Management Inc. bought a new position in AB US Large Cap Strategic Equities ETF during the 2nd quarter worth about $2,952,000. Finally, Bank of America Corp DE grew its holdings in AB US Large Cap Strategic Equities ETF by 4,873.6% during the 3rd quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock worth $1,289,000 after acquiring an additional 16,424 shares in the last quarter.

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.