AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Stock Short Interest Drops 83.5%

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 61 shares, a decline of 83.5% from the September 15th total of 370 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,860 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in AB US Low Volatility Equity ETF by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 46,886 shares of the company’s stock valued at $3,733,000 after buying an additional 3,240 shares during the last quarter. GFG Capital LLC increased its stake in AB US Low Volatility Equity ETF by 0.5% in the 2nd quarter. GFG Capital LLC now owns 38,198 shares of the company’s stock worth $3,041,000 after acquiring an additional 179 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in AB US Low Volatility Equity ETF in the 1st quarter worth approximately $11,624,000. Wagner Wealth Management LLC increased its stake in AB US Low Volatility Equity ETF by 5.2% in the 1st quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock worth $11,946,000 after acquiring an additional 7,960 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in AB US Low Volatility Equity ETF in the 4th quarter worth approximately $239,000.

AB US Low Volatility Equity ETF Price Performance

AB US Low Volatility Equity ETF stock traded up $0.68 during mid-day trading on Friday, reaching $84.75. The stock had a trading volume of 7,490 shares, compared to its average volume of 9,255. The company has a 50-day moving average price of $83.51 and a two-hundred day moving average price of $80.69. The company has a market capitalization of $203.40 million, a price-to-earnings ratio of 25.59 and a beta of 0.72. AB US Low Volatility Equity ETF has a one year low of $71.99 and a one year high of $84.85.

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.