Nomura Focused Large Growth ETF (NYSEARCA:LRGG) Sees Significant Decline in Short Interest

Nomura Focused Large Growth ETF (NYSEARCA:LRGG) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 101 shares, a drop of 96.7% from the May 31st total of 3,058 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 28,984 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LRGG. Royal Bank of Canada acquired a new position in shares of Nomura Focused Large Growth ETF in the 1st quarter valued at approximately $5,661,000. Susquehanna International Group LLP bought a new stake in shares of Nomura Focused Large Growth ETF in the third quarter worth $2,033,000. Kestra Advisory Services LLC bought a new stake in shares of Nomura Focused Large Growth ETF in the first quarter worth $560,000. Proactive Wealth Strategies LLC grew its holdings in Nomura Focused Large Growth ETF by 98.1% during the 4th quarter. Proactive Wealth Strategies LLC now owns 36,787 shares of the company’s stock worth $1,089,000 after acquiring an additional 18,217 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its position in shares of Nomura Focused Large Growth ETF by 1.3% in the 4th quarter. Valley Wealth Managers Inc. now owns 846,385 shares of the company’s stock worth $25,053,000 after purchasing an additional 10,888 shares during the last quarter.

Nomura Focused Large Growth ETF Stock Performance

Shares of LRGG stock traded down $0.53 on Thursday, hitting $26.55. The stock had a trading volume of 105,318 shares, compared to its average volume of 69,865. Nomura Focused Large Growth ETF has a 52-week low of $24.75 and a 52-week high of $30.74. The firm has a market capitalization of $241.60 million, a price-to-earnings ratio of 37.23 and a beta of 0.89. The stock’s 50 day moving average is $27.86 and its 200-day moving average is $27.81.

About Nomura Focused Large Growth ETF

The Macquarie Focused Large Growth ETF (LRGG) is an exchange-traded fund that mostly invests in large cap equity. The fund focuses on long-term capital growth by actively managing a narrow portfolio of large-cap US companies deemed as growth-oriented. LRGG was launched on May 14, 2024 and is issued by Macquarie.