AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Down 96.0% in January

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 443 shares, a decline of 96.0% from the December 31st total of 11,077 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 33,881 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 33,881 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew 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 acquiring an additional 244 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of AB US Large Cap Strategic Equities ETF in the third quarter valued at approximately $55,000. PNC Financial Services Group Inc. acquired a new position 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 position 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 purchased a new stake in AB US Large Cap Strategic Equities ETF during the 3rd quarter worth approximately $210,000.

AB US Large Cap Strategic Equities ETF Stock Down 0.4%

NYSEARCA:LRGC traded down $0.29 during trading hours on Thursday, reaching $78.84. 24,564 shares of the stock were exchanged, compared to its average volume of 35,456. AB US Large Cap Strategic Equities ETF has a twelve month low of $55.94 and a twelve month high of $82.00. The business has a 50-day moving average of $78.12 and a two-hundred day moving average of $76.53. The company has a market capitalization of $725.33 million, a price-to-earnings ratio of 25.96 and a beta of 1.03.

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.