Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Decreases By 51.9%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 8,651 shares, a decrease of 51.9% from the April 30th total of 17,984 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

Several hedge funds have recently added to or reduced their stakes in LRGC. Alliancebernstein L.P. boosted its holdings in AB US Large Cap Strategic Equities ETF by 27.4% in the second quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock valued at $384,281,000 after purchasing an additional 1,157,643 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in AB US Large Cap Strategic Equities ETF in the 1st quarter valued at about $7,549,000. Northwestern Mutual Wealth Management Co. acquired a new stake in AB US Large Cap Strategic Equities ETF during the fourth quarter worth about $6,168,000. LPL Financial LLC lifted its holdings in AB US Large Cap Strategic Equities ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock valued at $62,800,000 after acquiring an additional 45,087 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 89.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock worth $6,027,000 after purchasing an additional 37,065 shares during the period.

AB US Large Cap Strategic Equities ETF Price Performance

NYSEARCA:LRGC traded up $0.31 during mid-day trading on Monday, hitting $84.05. The company’s stock had a trading volume of 25,096 shares, compared to its average volume of 82,801. AB US Large Cap Strategic Equities ETF has a 1 year low of $67.00 and a 1 year high of $84.21. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 25.96 and a beta of 1.03. The business’s fifty day moving average is $79.14 and its two-hundred day moving average is $78.10.

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.