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

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,400 shares, a decline of 79.0% from the February 26th total of 25,751 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 57,633 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 57,633 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

AB US Large Cap Strategic Equities ETF Price Performance

AB US Large Cap Strategic Equities ETF stock traded up $0.40 during mid-day trading on Wednesday, reaching $74.18. 120,769 shares of the company traded hands, compared to its average volume of 86,947. The firm’s fifty day moving average is $77.07 and its two-hundred day moving average is $77.27. The company has a market capitalization of $689.87 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $55.94 and a fifty-two week high of $82.00.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

Several hedge funds have recently made changes to their positions in LRGC. Envestnet Asset Management Inc. lifted its holdings in shares of AB US Large Cap Strategic Equities ETF by 89.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock valued at $6,027,000 after buying an additional 37,065 shares during the period. MGO One Seven LLC boosted its stake in shares of AB US Large Cap Strategic Equities ETF by 23.8% in the third quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock worth $6,413,000 after buying an additional 16,033 shares during the last quarter. Alliancebernstein L.P. grew its holdings in AB US Large Cap Strategic Equities ETF by 20.9% during the third quarter. Alliancebernstein L.P. now owns 6,497,847 shares of the company’s stock worth $499,785,000 after acquiring an additional 1,122,177 shares during the period. PNC Financial Services Group Inc. acquired a new stake in AB US Large Cap Strategic Equities ETF during the third quarter worth about $64,000. Finally, Bank of America Corp DE raised its position in AB US Large Cap Strategic Equities ETF by 4,873.6% during the third quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock valued at $1,289,000 after acquiring an additional 16,424 shares in the last quarter.

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.