Short Interest in ClearBridge Large Cap Growth Select ETF (NASDAQ:LRGE) Declines By 56.8%

ClearBridge Large Cap Growth Select ETF (NASDAQ:LRGE) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 6,052 shares, a drop of 56.8% from the May 14th total of 14,013 shares. Based on an average daily volume of 14,333 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On ClearBridge Large Cap Growth Select ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRGE. Bank of America Corp DE boosted its stake in ClearBridge Large Cap Growth Select ETF by 226.8% during the fourth quarter. Bank of America Corp DE now owns 549 shares of the company’s stock valued at $41,000 after buying an additional 381 shares during the last quarter. MML Investors Services LLC boosted its stake in ClearBridge Large Cap Growth Select ETF by 2.2% during the second quarter. MML Investors Services LLC now owns 6,974 shares of the company’s stock valued at $553,000 after buying an additional 148 shares during the last quarter. HighTower Advisors LLC boosted its stake in ClearBridge Large Cap Growth Select ETF by 7.3% during the third quarter. HighTower Advisors LLC now owns 37,131 shares of the company’s stock valued at $3,095,000 after buying an additional 2,519 shares during the last quarter. Rossby Financial LCC boosted its stake in ClearBridge Large Cap Growth Select ETF by 19.3% during the third quarter. Rossby Financial LCC now owns 3,865 shares of the company’s stock valued at $324,000 after buying an additional 626 shares during the last quarter. Finally, PFG Advisors boosted its stake in ClearBridge Large Cap Growth Select ETF by 3.4% during the third quarter. PFG Advisors now owns 22,638 shares of the company’s stock valued at $1,887,000 after buying an additional 737 shares during the last quarter.

ClearBridge Large Cap Growth Select ETF Price Performance

Shares of NASDAQ:LRGE traded down $0.04 during trading on Friday, hitting $83.95. 4,367 shares of the company’s stock were exchanged, compared to its average volume of 18,783. The business’s 50-day simple moving average is $83.48 and its 200 day simple moving average is $81.40. ClearBridge Large Cap Growth Select ETF has a 52-week low of $72.34 and a 52-week high of $88.87. The company has a market cap of $441.58 million, a price-to-earnings ratio of 34.66 and a beta of 1.11.

ClearBridge Large Cap Growth Select ETF Company Profile

The ClearBridge Large Cap Growth ESG ETF (LRGE) is an exchange-traded fund that is based on the TIAA ESG USA Large-Cap Growth index. The fund is actively-managed to invest in global large-cap growth stocks with positive environmental, social, and governance (ESG) traits. The fund aims for long-term capital appreciation. LRGE was launched on May 22, 2017 and is managed by Franklin Templeton.