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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 43 shares, a decline of 89.3% from the July 30th total of 401 shares. Based on an average daily trading volume, of 9,055 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of LOWV. Alliancebernstein L.P. lifted its stake in AB US Low Volatility Equity ETF by 14.0% in the third quarter. Alliancebernstein L.P. now owns 1,338,681 shares of the company’s stock valued at $105,240,000 after buying an additional 164,766 shares in the last quarter. LPL Financial LLC lifted its position 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 purchasing an additional 13,100 shares in the last quarter. Wagner Wealth Management LLC grew its position in AB US Low Volatility Equity ETF by 5.2% in the first quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock valued at $11,946,000 after purchasing an additional 7,960 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of AB US Low Volatility Equity ETF during the 1st quarter worth about $11,624,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in AB US Low Volatility Equity ETF during the fourth quarter worth $1,525,000.

AB US Low Volatility Equity ETF Stock Up 0.3%

AB US Low Volatility Equity ETF stock traded up $0.26 during mid-day trading on Tuesday, hitting $84.09. 4,498 shares of the company’s stock were exchanged, compared to its average volume of 9,151. The company’s 50 day simple moving average is $81.55 and its 200-day simple moving average is $79.24. The firm has a market capitalization of $210.22 million, a P/E ratio of 25.59 and a beta of 0.72. AB US Low Volatility Equity ETF has a fifty-two week low of $71.99 and a fifty-two week high of $84.85.

AB US Low Volatility Equity ETF Company Profile

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.