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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 924 shares, an increase of 74.7% from the May 31st total of 529 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,692 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors acquired a new stake in AB US Low Volatility Equity ETF in the 1st quarter worth about $11,624,000. Wagner Wealth Management LLC increased its position in shares of AB US Low Volatility Equity ETF by 5.2% during the first quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock valued at $11,946,000 after acquiring an additional 7,960 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of AB US Low Volatility Equity ETF during the fourth quarter valued at about $239,000. Rubicon Advisors GP purchased a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at approximately $331,000. Finally, Royal Bank of Canada purchased a new stake in shares of AB US Low Volatility Equity ETF in the 4th quarter valued at $41,000.

AB US Low Volatility Equity ETF Stock Performance

Shares of LOWV opened at $79.75 on Thursday. AB US Low Volatility Equity ETF has a 12 month low of $71.99 and a 12 month high of $81.27. The stock’s 50 day moving average is $79.82 and its two-hundred day moving average is $78.26. The firm has a market cap of $199.38 million, a P/E ratio of 25.59 and a beta of 0.73.

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.