AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Large Growth in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 3,423 shares, an increase of 486.1% from the April 15th total of 584 shares. Based on an average daily volume of 12,689 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. acquired a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter worth about $239,000. Royal Bank of Canada acquired a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter worth about $41,000. Heritage Wealth Advisors acquired a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter worth about $165,000. LPL Financial LLC boosted its holdings in shares of AB US Low Volatility Equity ETF by 5.7% in the fourth quarter. LPL Financial LLC now owns 241,677 shares of the company’s stock worth $18,938,000 after buying an additional 13,100 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings 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 worth $87,000 after buying an additional 505 shares during the period.

AB US Low Volatility Equity ETF Stock Performance

Shares of NYSEARCA:LOWV traded up $0.81 during trading hours on Thursday, hitting $80.92. 4,890 shares of the company’s stock traded hands, compared to its average volume of 10,540. AB US Low Volatility Equity ETF has a 52 week low of $71.55 and a 52 week high of $80.94. The company’s fifty day simple moving average is $77.03 and its two-hundred day simple moving average is $77.91. The company has a market cap of $202.30 million, a price-to-earnings ratio of 25.59 and a beta of 0.74.

About AB US Low Volatility Equity ETF

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.