Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Decreases By 51.9%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 8,651 shares, a drop of 51.9% from the April 30th total of 17,984 shares. Based on an average daily volume of 67,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

AB US Large Cap Strategic Equities ETF Trading Up 0.4%

LRGC traded up $0.31 during trading on Monday, hitting $84.05. 25,096 shares of the company’s stock traded hands, compared to its average volume of 82,801. The company’s 50 day simple moving average is $79.14 and its two-hundred day simple moving average is $78.10. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a 12-month low of $67.00 and a 12-month high of $84.21.

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

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its holdings in shares of AB US Large Cap Strategic Equities ETF by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,159 shares of the company’s stock worth $634,000 after purchasing an additional 188 shares during the last quarter. Bank of America Corp DE boosted its position in shares of AB US Large Cap Strategic Equities ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock valued at $1,596,000 after buying an additional 628 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of AB US Large Cap Strategic Equities ETF during the third quarter valued at approximately $55,000. PNC Financial Services Group Inc. purchased a new position in shares of AB US Large Cap Strategic Equities ETF during the third quarter valued at approximately $64,000. Finally, Royal Bank of Canada purchased a new position in shares of AB US Large Cap Strategic Equities ETF during the first quarter valued at approximately $64,000.

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.