Short Interest in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Drops By 89.3%

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 43 shares, a decrease of 89.3% from the July 30th total of 401 shares. Based on an average daily trading volume, of 9,055 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada purchased a new position in AB US Low Volatility Equity ETF during the fourth quarter worth approximately $41,000. Osaic Holdings Inc. increased its position in shares of AB US Low Volatility Equity ETF by 77.9% in the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after buying an additional 505 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of AB US Low Volatility Equity ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after buying an additional 900 shares during the period. Heritage Wealth Advisors acquired a new position in AB US Low Volatility Equity ETF during the fourth quarter worth $165,000. Finally, Rockefeller Capital Management L.P. purchased a new position in AB US Low Volatility Equity ETF during the fourth quarter valued at $239,000.

AB US Low Volatility Equity ETF Trading Down 0.3%

LOWV traded down $0.22 on Wednesday, reaching $83.87. The stock had a trading volume of 9,726 shares, compared to its average volume of 9,114. AB US Low Volatility Equity ETF has a 12-month low of $71.99 and a 12-month high of $84.85. The business’s 50-day moving average price is $81.63 and its two-hundred day moving average price is $79.29. The company has a market cap of $209.68 million, a P/E ratio of 25.59 and a beta of 0.72.

AB US Low Volatility Equity ETF Company Profile

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.