AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Down 55.8% in May

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 529 shares, a drop of 55.8% from the May 14th total of 1,197 shares. Based on an average daily trading volume, of 8,718 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

AB US Low Volatility Equity ETF Trading Up 0.1%

NYSEARCA LOWV traded up $0.10 during trading on Friday, hitting $79.58. 2,387 shares of the company traded hands, compared to its average volume of 10,292. AB US Low Volatility Equity ETF has a 12 month low of $71.99 and a 12 month high of $81.27. The business has a fifty day simple moving average of $79.24 and a 200 day simple moving average of $78.23. The company has a market capitalization of $198.95 million, a P/E ratio of 25.59 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in AB US Low Volatility Equity ETF by 27.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock worth $88,175,000 after purchasing an additional 251,630 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in AB US Low Volatility Equity ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after purchasing an additional 900 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in AB US Low Volatility Equity ETF by 77.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after purchasing an additional 505 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in AB US Low Volatility Equity ETF by 35.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 18,965 shares of the company’s stock worth $1,491,000 after purchasing an additional 4,970 shares during the last quarter. Finally, Intrepid Financial Planning Group LLC lifted its holdings in AB US Low Volatility Equity ETF by 3.0% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 108,434 shares of the company’s stock worth $8,525,000 after purchasing an additional 3,117 shares during the last quarter.

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.