AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,139 shares, a decrease of 38.3% from the July 30th total of 8,327 shares. Based on an average daily volume of 47,211 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
AB US Large Cap Strategic Equities ETF Stock Performance
AB US Large Cap Strategic Equities ETF stock traded up $0.60 during mid-day trading on Wednesday, reaching $86.15. 46,569 shares of the company were exchanged, compared to its average volume of 66,805. The firm has a market cap of $1.32 billion, a P/E ratio of 25.96 and a beta of 0.99. The business has a fifty day moving average of $85.31 and a 200 day moving average of $81.33. AB US Large Cap Strategic Equities ETF has a 12-month low of $71.25 and a 12-month high of $88.18.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in AB US Large Cap Strategic Equities ETF during the third quarter valued at approximately $55,000. Royal Bank of Canada purchased a new position in AB US Large Cap Strategic Equities ETF in the first quarter worth $64,000. Avalon Trust Co purchased a new position in AB US Large Cap Strategic Equities ETF in the first quarter worth $108,000. Valeo Financial Advisors LLC acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the second quarter worth $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the third quarter worth $210,000.
About AB US Large Cap Strategic Equities ETF
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.
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