AB Disruptors ETF (NYSEARCA:FWD – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 13,997 shares, a decline of 63.3% from the August 15th total of 38,107 shares. Based on an average daily trading volume, of 167,158 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
AB Disruptors ETF Trading Up 1.0%
FWD stock traded up $1.25 during trading hours on Friday, hitting $127.56. 75,915 shares of the stock traded hands, compared to its average volume of 225,743. The stock has a 50-day simple moving average of $130.32 and a 200 day simple moving average of $128.13. The company has a market cap of $3.00 billion, a P/E ratio of 41.03 and a beta of 1.60. AB Disruptors ETF has a one year low of $95.53 and a one year high of $149.57.
Institutional Investors Weigh In On AB Disruptors ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in FWD. Integrated Wealth Concepts LLC increased its holdings in shares of AB Disruptors ETF by 10.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 473,735 shares of the company’s stock worth $70,170,000 after purchasing an additional 46,351 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of AB Disruptors ETF during the 2nd quarter worth about $383,000. Baird Financial Group Inc. bought a new stake in AB Disruptors ETF during the 2nd quarter worth approximately $260,000. SFG Wealth Management LLC. acquired a new stake in shares of AB Disruptors ETF in the second quarter valued at $2,568,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of AB Disruptors ETF during the second quarter worth approximately $9,523,000.
AB Disruptors ETF Company Profile
The AB Disruptors ETF (FWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography. FWD was launched on Mar 22, 2023 and is managed by AllianceBernstein.
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