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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,139 shares, a decline of 38.3% from the July 30th total of 8,327 shares. Based on an average trading volume of 47,211 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

AB US Large Cap Strategic Equities ETF Price Performance

NYSEARCA LRGC opened at $86.52 on Monday. The stock’s 50 day simple moving average is $85.19 and its 200 day simple moving average is $81.22. AB US Large Cap Strategic Equities ETF has a one year low of $71.25 and a one year high of $88.18. The firm has a market cap of $1.32 billion, a PE ratio of 25.96 and a beta of 0.99.

Institutional Trading of AB US Large Cap Strategic Equities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in shares of AB US Large Cap Strategic Equities ETF by 27.4% during the 2nd quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after buying an additional 1,157,643 shares during the period. LPL Financial LLC grew its holdings in AB US Large Cap Strategic Equities ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock valued at $62,800,000 after purchasing an additional 45,087 shares during the period. Wagner Wealth Management LLC grew its holdings in AB US Large Cap Strategic Equities ETF by 3.0% during the first quarter. Wagner Wealth Management LLC now owns 105,061 shares of the company’s stock valued at $7,722,000 after purchasing an additional 3,025 shares during the period. Arkadios Wealth Advisors bought a new stake in AB US Large Cap Strategic Equities ETF in the first quarter valued at approximately $7,549,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in AB US Large Cap Strategic Equities ETF in the fourth quarter worth $6,168,000.

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.