AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 1,595.0% in January

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 7,509 shares, a growth of 1,595.0% from the January 15th total of 443 shares. Based on an average daily trading volume, of 37,581 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 37,581 shares, the days-to-cover ratio is presently 0.2 days.

AB US Large Cap Strategic Equities ETF Stock Down 1.2%

AB US Large Cap Strategic Equities ETF stock traded down $0.96 during mid-day trading on Thursday, hitting $76.89. 135,141 shares of the company’s stock traded hands, compared to its average volume of 40,350. AB US Large Cap Strategic Equities ETF has a one year low of $55.94 and a one year high of $82.00. The firm has a 50 day moving average price of $78.23 and a 200 day moving average price of $76.87. The company has a market cap of $715.08 million, a PE ratio of 25.96 and a beta of 1.03.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new stake in AB US Large Cap Strategic Equities ETF during the second quarter worth approximately $2,952,000. MGO One Seven LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 7.3% during the 2nd quarter. MGO One Seven LLC now owns 67,339 shares of the company’s stock valued at $4,814,000 after purchasing an additional 4,553 shares during the period. Good Life Advisors LLC raised its stake in shares of AB US Large Cap Strategic Equities ETF by 2.4% in the 2nd quarter. Good Life Advisors LLC now owns 115,012 shares of the company’s stock worth $8,222,000 after buying an additional 2,700 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of AB US Large Cap Strategic Equities ETF by 2.0% in the fourth quarter. Wagner Wealth Management LLC now owns 102,036 shares of the company’s stock valued at $7,932,000 after buying an additional 1,957 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of AB US Large Cap Strategic Equities ETF in the third quarter valued at $55,000.

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. LRGC was launched on Sep 20, 2023 and is issued by AB Funds.