AB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,423 shares, an increase of 486.1% from the April 15th total of 584 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,689 shares, the days-to-cover ratio is presently 0.3 days.
AB US Low Volatility Equity ETF Price Performance
Shares of LOWV stock traded down $0.05 during trading hours on Tuesday, reaching $79.92. 7,442 shares of the stock were exchanged, compared to its average volume of 10,685. The business’s fifty day moving average is $76.96 and its two-hundred day moving average is $77.89. AB US Low Volatility Equity ETF has a 12-month low of $71.47 and a 12-month high of $80.37. The firm has a market capitalization of $199.80 million, a P/E ratio of 25.59 and a beta of 0.74.
Hedge Funds Weigh In On AB US Low Volatility Equity ETF
A number of hedge funds have recently modified their holdings of LOWV. Wagner Wealth Management LLC lifted its holdings in AB US Low Volatility Equity ETF by 5.2% in the first quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock valued at $11,946,000 after acquiring an additional 7,960 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $239,000. Rubicon Advisors GP acquired a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $331,000. Royal Bank of Canada acquired a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $41,000. Finally, Heritage Wealth Advisors acquired a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $165,000.
About AB US Low Volatility Equity ETF
The AB US Low Volatility Equity ETF (LOWV) is an exchange-traded fund that mostly invests in total market equity. The fund is a portfolio of large- and mid-cap US stocks, actively managed to pursue lower volatility than the broader market. The selection and weighting of holdings is based on the Issuers fundamental and quantitative research. LOWV was launched on Mar 22, 2023 and is managed by AllianceBernstein.
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