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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,942 shares, a drop of 74.1% from the January 29th total of 7,509 shares. Based on an average trading volume of 49,401 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 49,401 shares, the short-interest ratio is currently 0.0 days.

AB US Large Cap Strategic Equities ETF Stock Performance

NYSEARCA LRGC traded down $0.52 on Friday, reaching $77.33. The company had a trading volume of 31,641 shares, compared to its average volume of 47,847. The company’s fifty day moving average is $78.13 and its 200-day moving average is $77.14. The firm has a market capitalization of $719.17 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a 1-year low of $55.94 and a 1-year high of $82.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC raised its position in AB US Large Cap Strategic Equities ETF by 121.4% in the 3rd quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 244 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of AB US Large Cap Strategic Equities ETF during the 3rd quarter worth approximately $55,000. PNC Financial Services Group Inc. acquired a new stake in shares of AB US Large Cap Strategic Equities ETF in the third quarter valued at approximately $64,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AB US Large Cap Strategic Equities ETF in the third quarter valued at approximately $85,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of AB US Large Cap Strategic Equities ETF in the third quarter worth $210,000.

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.