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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,100 shares, a growth of 106.7% from the May 15th total of 1,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 36,200 shares, the short-interest ratio is currently 0.1 days.

AB US Large Cap Strategic Equities ETF Price Performance

Shares of LRGC opened at $68.61 on Monday. AB US Large Cap Strategic Equities ETF has a 12 month low of $55.94 and a 12 month high of $70.98. The stock has a fifty day moving average price of $64.80 and a 200 day moving average price of $66.75. The company has a market cap of $445.97 million, a P/E ratio of 24.84 and a beta of 1.05.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 373.1% in the 1st quarter. Jane Street Group LLC now owns 17,279 shares of the company’s stock worth $1,108,000 after acquiring an additional 13,627 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of AB US Large Cap Strategic Equities ETF by 21.1% in the 1st quarter. Alliancebernstein L.P. now owns 4,218,027 shares of the company’s stock valued at $270,544,000 after purchasing an additional 735,712 shares during the period. MGO One Seven LLC boosted its position in shares of AB US Large Cap Strategic Equities ETF by 24.9% in the 1st quarter. MGO One Seven LLC now owns 62,786 shares of the company’s stock valued at $4,027,000 after purchasing an additional 12,511 shares during the period. LPL Financial LLC increased its stake in AB US Large Cap Strategic Equities ETF by 188.3% in the 1st quarter. LPL Financial LLC now owns 384,777 shares of the company’s stock worth $24,680,000 after purchasing an additional 251,307 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in AB US Large Cap Strategic Equities ETF during the 1st quarter worth about $598,000.

AB US Large Cap Strategic Equities ETF Company Profile

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.