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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 8,235 shares, a growth of 607.5% from the November 30th total of 1,164 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 41,685 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 41,685 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of AB US Large Cap Strategic Equities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PMG Wealth Management Inc. purchased a new stake in shares of AB US Large Cap Strategic Equities ETF during the second quarter valued at $320,000. Wagner Wealth Management LLC raised its holdings in AB US Large Cap Strategic Equities ETF by 3.3% during the 2nd quarter. Wagner Wealth Management LLC now owns 99,167 shares of the company’s stock worth $7,089,000 after buying an additional 3,165 shares during the period. Envestnet Asset Management Inc. purchased a new stake in AB US Large Cap Strategic Equities ETF during the second quarter valued at about $2,952,000. MGO One Seven LLC boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 7.3% in the second quarter. MGO One Seven LLC now owns 67,339 shares of the company’s stock worth $4,814,000 after buying an additional 4,553 shares during the period. Finally, Good Life Advisors LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 2.4% in the second quarter. Good Life Advisors LLC now owns 115,012 shares of the company’s stock worth $8,222,000 after acquiring an additional 2,700 shares in the last quarter.

AB US Large Cap Strategic Equities ETF Price Performance

LRGC stock traded up $0.07 on Friday, reaching $78.49. The company’s stock had a trading volume of 64,418 shares, compared to its average volume of 32,229. AB US Large Cap Strategic Equities ETF has a 52 week low of $55.94 and a 52 week high of $82.00. The company has a market capitalization of $651.47 million, a P/E ratio of 25.96 and a beta of 1.03. The firm has a fifty day moving average of $77.47 and a two-hundred day moving average of $75.10.

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.