AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Large Decline in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,514 shares, a decrease of 18.3% from the January 15th total of 3,078 shares. Based on an average trading volume of 17,332 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 17,332 shares, the days-to-cover ratio is currently 0.1 days.

AB US Low Volatility Equity ETF Trading Up 0.2%

NYSEARCA:LOWV traded up $0.13 during trading hours on Tuesday, hitting $76.88. 30,975 shares of the company were exchanged, compared to its average volume of 13,463. The stock has a market capitalization of $176.82 million, a price-to-earnings ratio of 25.59 and a beta of 0.71. AB US Low Volatility Equity ETF has a one year low of $62.19 and a one year high of $80.12. The company has a fifty day simple moving average of $78.44 and a 200 day simple moving average of $78.04.

Institutional Trading of AB US Low Volatility Equity ETF

Several large investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its stake in AB US Low Volatility Equity ETF by 27.3% during the second quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock worth $88,175,000 after acquiring an additional 251,630 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of AB US Low Volatility Equity ETF during the fourth quarter valued at about $1,525,000. LPL Financial LLC boosted its position in shares of AB US Low Volatility Equity ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 241,677 shares of the company’s stock worth $18,938,000 after purchasing an additional 13,100 shares in the last quarter. Wagner Wealth Management LLC boosted its position in shares of AB US Low Volatility Equity ETF by 4.8% during the 3rd quarter. Wagner Wealth Management LLC now owns 148,491 shares of the company’s stock worth $11,674,000 after purchasing an additional 6,796 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in AB US Low Volatility Equity ETF by 65.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,995 shares of the company’s stock valued at $1,051,000 after acquiring an additional 5,514 shares during the period.

AB US Low Volatility Equity ETF Company Profile

The AB US Low Volatility Equity ETF (LOWV) is an exchange-traded fund that mostly invests in total market equity. The fund is a portfolio of large- and mid-cap US stocks, actively managed to pursue lower volatility than the broader market. The selection and weighting of holdings is based on the Issuers fundamental and quantitative research. LOWV was launched on Mar 22, 2023 and is managed by AllianceBernstein.