Short Interest in Nomura Focused Large Growth ETF (NYSEARCA:LRGG) Rises By 287,567.3%

Nomura Focused Large Growth ETF (NYSEARCA:LRGG) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 290,544 shares, a growth of 287,567.3% from the June 15th total of 101 shares. Based on an average daily volume of 136,879 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Nomura Focused Large Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its position in 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 valued at $25,053,000 after acquiring an additional 10,888 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of Nomura Focused Large Growth ETF in the 1st quarter worth $5,661,000. Susquehanna International Group LLP purchased a new position in shares of Nomura Focused Large Growth ETF in the third quarter worth $2,033,000. Horizon Wealth Management LLC raised its stake in shares of Nomura Focused Large Growth ETF by 16.1% in the first quarter. Horizon Wealth Management LLC now owns 57,581 shares of the company’s stock worth $1,475,000 after purchasing an additional 8,001 shares during the last quarter. Finally, Proactive Wealth Strategies LLC lifted its holdings in shares of Nomura Focused Large Growth ETF by 98.1% during the fourth quarter. Proactive Wealth Strategies LLC now owns 36,787 shares of the company’s stock valued at $1,089,000 after purchasing an additional 18,217 shares in the last quarter.

Nomura Focused Large Growth ETF Stock Up 0.7%

Nomura Focused Large Growth ETF stock traded up $0.20 during trading hours on Friday, hitting $28.45. The stock had a trading volume of 50,931 shares, compared to its average volume of 73,200. The stock has a market capitalization of $295.88 million, a P/E ratio of 37.23 and a beta of 0.90. Nomura Focused Large Growth ETF has a 12-month low of $24.75 and a 12-month high of $30.74. The stock’s 50-day moving average price is $27.91 and its 200-day moving average price is $27.72.

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.