AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Significant Increase in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,066 shares, an increase of 182.1% from the February 12th total of 1,087 shares. Based on an average daily volume of 12,098 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,098 shares, the days-to-cover ratio is presently 0.3 days.

AB US Low Volatility Equity ETF Stock Down 0.6%

Shares of LOWV traded down $0.44 during mid-day trading on Friday, hitting $75.69. The company had a trading volume of 3,542 shares, compared to its average volume of 11,427. The business’s 50-day simple moving average is $78.07 and its 200-day simple moving average is $78.19. AB US Low Volatility Equity ETF has a 1-year low of $62.19 and a 1-year high of $80.12. The stock has a market cap of $174.09 million, a PE ratio of 25.59 and a beta of 0.71.

Institutional Trading of AB US Low Volatility Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in shares of AB US Low Volatility Equity ETF by 14.0% during the third quarter. Alliancebernstein L.P. now owns 1,338,681 shares of the company’s stock worth $105,240,000 after purchasing an additional 164,766 shares in the last quarter. LPL Financial LLC raised its holdings in shares of AB US Low Volatility Equity ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 241,677 shares of the company’s stock valued at $18,938,000 after buying an additional 13,100 shares during the period. Wagner Wealth Management LLC raised its holdings in shares of AB US Low Volatility Equity ETF by 3.5% during the 4th quarter. Wagner Wealth Management LLC now owns 153,730 shares of the company’s stock valued at $12,046,000 after buying an additional 5,239 shares during the period. Intrepid Financial Planning Group LLC boosted its holdings in AB US Low Volatility Equity ETF by 3.0% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 108,434 shares of the company’s stock worth $8,525,000 after acquiring an additional 3,117 shares during the period. Finally, GFG Capital LLC boosted its holdings in AB US Low Volatility Equity ETF by 0.8% in the 4th quarter. GFG Capital LLC now owns 39,670 shares of the company’s stock worth $3,109,000 after acquiring an additional 331 shares during the period.

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.