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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 61 shares, a decline of 83.5% from the September 15th total of 370 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,860 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in AB US Low Volatility Equity ETF by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 46,886 shares of the company’s stock worth $3,733,000 after purchasing an additional 3,240 shares during the period. GFG Capital LLC boosted its stake in AB US Low Volatility Equity ETF by 0.5% during the second quarter. GFG Capital LLC now owns 38,198 shares of the company’s stock valued at $3,041,000 after buying an additional 179 shares during the period. Arkadios Wealth Advisors bought a new position in AB US Low Volatility Equity ETF in the 1st quarter worth about $11,624,000. Wagner Wealth Management LLC increased its stake in AB US Low Volatility Equity ETF by 5.2% in the 1st quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock worth $11,946,000 after acquiring an additional 7,960 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter worth approximately $239,000.

AB US Low Volatility Equity ETF Stock Up 0.2%

LOWV stock traded up $0.18 during mid-day trading on Monday, reaching $84.93. 1,978 shares of the company traded hands, compared to its average volume of 9,217. The stock has a market cap of $203.83 million, a price-to-earnings 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 $85.00. The firm’s 50 day moving average price is $83.51 and its 200 day moving average price is $80.73.

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.