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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 17,984 shares, a growth of 495.9% from the April 15th total of 3,018 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 92,228 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of LRGC. Envestnet Asset Management Inc. lifted its holdings in 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 valued at $6,027,000 after purchasing an additional 37,065 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in AB US Large Cap Strategic Equities ETF by 20.9% during the 3rd quarter. Alliancebernstein L.P. now owns 6,497,847 shares of the company’s stock valued at $499,785,000 after purchasing an additional 1,122,177 shares during the last quarter. MGO One Seven LLC lifted its holdings in 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 valued at $6,413,000 after purchasing an additional 16,033 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at about $210,000. Finally, JPMorgan Chase & Co. bought a new position in AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at about $55,000.

AB US Large Cap Strategic Equities ETF Stock Down 0.0%

AB US Large Cap Strategic Equities ETF stock traded down $0.02 on Tuesday, hitting $82.40. The company’s stock had a trading volume of 22,149 shares, compared to its average volume of 87,686. The firm has a market cap of $1.19 billion, a P/E ratio of 25.96 and a beta of 1.03. The company has a fifty day moving average price of $77.19 and a 200-day moving average price of $77.59. AB US Large Cap Strategic Equities ETF has a one year low of $65.64 and a one year high of $82.85.

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.