AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC – Get Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 5,139 shares, a decrease of 38.3% from the July 30th total of 8,327 shares. Based on an average trading volume of 47,211 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at about $55,000. Royal Bank of Canada acquired a new stake in AB US Large Cap Strategic Equities ETF during the 1st quarter valued at $64,000. Avalon Trust Co bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the 1st quarter worth about $108,000. Valeo Financial Advisors LLC acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the second quarter valued at approximately $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at $210,000.
AB US Large Cap Strategic Equities ETF Price Performance
NYSEARCA:LRGC opened at $86.52 on Monday. The stock has a market capitalization of $1.32 billion, a PE ratio of 25.96 and a beta of 0.99. The business’s 50-day simple moving average is $85.19 and its 200-day simple moving average is $81.22. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $71.25 and a fifty-two week high of $88.18.
AB US Large Cap Strategic Equities ETF Company Profile
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.
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