AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 607.5% in December

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 8,235 shares, an increase of 607.5% from the November 30th total of 1,164 shares. Based on an average daily volume of 41,685 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 41,685 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of AB US Large Cap Strategic Equities ETF

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake 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 in the last quarter. Good Life Advisors LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 2.4% during the second quarter. Good Life Advisors LLC now owns 115,012 shares of the company’s stock valued at $8,222,000 after buying an additional 2,700 shares during the last quarter. Wagner Wealth Management LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 0.9% during the third quarter. Wagner Wealth Management LLC now owns 100,079 shares of the company’s stock valued at $7,698,000 after acquiring an additional 912 shares in the last quarter. MGO One Seven LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 23.8% during the third quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock valued at $6,413,000 after acquiring an additional 16,033 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in AB US Large Cap Strategic Equities ETF by 89.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock worth $6,027,000 after acquiring an additional 37,065 shares during the last quarter.

AB US Large Cap Strategic Equities ETF Price Performance

LRGC stock traded up $0.27 on Wednesday, reaching $78.42. 15,904 shares of the company traded hands, compared to its average volume of 32,357. The firm has a fifty day simple moving average of $77.43 and a 200-day simple moving average of $75.08. AB US Large Cap Strategic Equities ETF has a one year low of $55.94 and a one year high of $82.00. The company has a market cap of $650.89 million, a P/E ratio of 25.96 and a beta of 1.03.

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.