AB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 401 shares, a decline of 53.5% from the July 15th total of 862 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,411 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On AB US Low Volatility Equity ETF
Large investors have recently modified their holdings of the business. Royal Bank of Canada acquired a new stake in shares of AB US Low Volatility Equity ETF during the 4th quarter worth about $41,000. Osaic Holdings Inc. lifted its position in AB US Low Volatility Equity ETF by 77.9% in the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after buying an additional 505 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in AB US Low Volatility Equity ETF by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after buying an additional 900 shares during the period. Heritage Wealth Advisors purchased a new position in AB US Low Volatility Equity ETF during the fourth quarter worth about $165,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of AB US Low Volatility Equity ETF during the fourth quarter valued at about $239,000.
AB US Low Volatility Equity ETF Trading Down 0.6%
AB US Low Volatility Equity ETF stock traded down $0.48 during mid-day trading on Monday, hitting $83.76. The company’s stock had a trading volume of 1,442 shares, compared to its average volume of 9,317. The firm has a market capitalization of $209.40 million, a PE ratio of 25.59 and a beta of 0.72. AB US Low Volatility Equity ETF has a 1 year low of $71.99 and a 1 year high of $84.85. The stock’s fifty day moving average is $81.05 and its two-hundred day moving average is $79.04.
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.
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