AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Sees Significant Drop in Short Interest

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 133 shares, a decline of 95.0% from the September 30th total of 2,681 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 34,684 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of AB US Large Cap Strategic Equities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRGC. Bank of America Corp DE increased its holdings in AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock valued at $1,596,000 after purchasing an additional 628 shares during the last quarter. Royal Bank of Canada bought a new position in AB US Large Cap Strategic Equities ETF during the first quarter worth about $64,000. Avalon Trust Co bought a new position in AB US Large Cap Strategic Equities ETF during the first quarter worth about $108,000. Valeo Financial Advisors LLC bought a new position in AB US Large Cap Strategic Equities ETF during the second quarter worth about $206,000. Finally, Wagner Wealth Management LLC grew its position in shares of AB US Large Cap Strategic Equities ETF by 3.0% during the 1st quarter. Wagner Wealth Management LLC now owns 105,061 shares of the company’s stock worth $7,722,000 after buying an additional 3,025 shares during the period.

AB US Large Cap Strategic Equities ETF Trading Up 0.4%

Shares of LRGC traded up $0.38 during trading hours on Tuesday, hitting $86.46. 584 shares of the stock traded hands, compared to its average volume of 59,423. AB US Large Cap Strategic Equities ETF has a 1-year low of $71.25 and a 1-year high of $88.18. The firm has a market capitalization of $1.37 billion, a PE ratio of 25.96 and a beta of 0.99. The business has a fifty day moving average of $86.34 and a 200-day moving average of $81.90.

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.