AB Disruptors ETF (NYSEARCA:FWD – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 16,883 shares, a drop of 37.8% from the September 30th total of 27,130 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 180,315 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FWD. Bank of America Corp DE raised its stake in shares of AB Disruptors ETF by 265.7% during the 1st quarter. Bank of America Corp DE now owns 1,008,993 shares of the company’s stock worth $109,536,000 after purchasing an additional 733,051 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of AB Disruptors ETF by 538.4% in the 1st quarter. Bleakley Financial Group LLC now owns 239,818 shares of the company’s stock valued at $26,035,000 after buying an additional 202,255 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in AB Disruptors ETF by 233.1% in the second quarter. Envestnet Asset Management Inc. now owns 157,322 shares of the company’s stock worth $23,303,000 after buying an additional 110,093 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in AB Disruptors ETF in the second quarter worth approximately $9,523,000. Finally, Integrated Wealth Concepts LLC raised its position in AB Disruptors ETF by 10.8% during the second quarter. Integrated Wealth Concepts LLC now owns 473,735 shares of the company’s stock valued at $70,170,000 after acquiring an additional 46,351 shares in the last quarter.
AB Disruptors ETF Stock Down 1.5%
Shares of AB Disruptors ETF stock traded down $1.82 on Monday, hitting $116.79. 81,374 shares of the company traded hands, compared to its average volume of 214,597. The company has a 50-day moving average price of $128.44 and a 200 day moving average price of $126.14. AB Disruptors ETF has a 12-month low of $95.53 and a 12-month high of $149.57. The company has a market cap of $3.07 billion, a PE ratio of 41.03 and a beta of 1.58.
About AB Disruptors ETF
The AB Disruptors ETF (FWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography. FWD was launched on Mar 22, 2023 and is managed by AllianceBernstein.
Further Reading
- Five stocks we like better than AB Disruptors ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for AB Disruptors ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Disruptors ETF and related companies with MarketBeat.com's FREE daily email newsletter.
