Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Drops By 79.0%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 5,400 shares, a drop of 79.0% from the February 26th total of 25,751 shares. Based on an average trading volume of 57,633 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

AB US Large Cap Strategic Equities ETF Stock Down 1.7%

Shares of NYSEARCA:LRGC traded down $1.27 on Friday, hitting $71.62. The company had a trading volume of 157,074 shares, compared to its average volume of 90,510. AB US Large Cap Strategic Equities ETF has a 1 year low of $55.94 and a 1 year high of $82.00. The firm’s 50-day simple moving average is $76.72 and its two-hundred day simple moving average is $77.20. The firm has a market capitalization of $666.07 million, a price-to-earnings ratio of 25.96 and a beta of 1.03.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its holdings in AB US Large Cap Strategic Equities ETF by 27.4% in the 2nd quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after acquiring an additional 1,157,643 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in AB US Large Cap Strategic Equities ETF in the fourth quarter valued at about $6,168,000. LPL Financial LLC lifted its stake in shares of AB US Large Cap Strategic Equities ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock worth $62,800,000 after purchasing an additional 45,087 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of AB US Large Cap Strategic Equities ETF by 89.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock worth $6,027,000 after acquiring an additional 37,065 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in AB US Large Cap Strategic Equities ETF by 4,873.6% during the third quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock valued at $1,289,000 after purchasing 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.