AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Sees Large Decline in Short Interest

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,681 shares, a decline of 49.4% from the September 15th total of 5,294 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,819 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of AB US Large Cap Strategic Equities ETF

A number of hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new stake in shares of AB US Large Cap Strategic Equities ETF in the second quarter valued at approximately $206,000. Bank of America Corp DE lifted its holdings in AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock valued at $1,596,000 after acquiring an additional 628 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in AB US Large Cap Strategic Equities ETF in the first quarter worth approximately $7,549,000. Royal Bank of Canada acquired a new stake in AB US Large Cap Strategic Equities ETF during the first quarter worth $64,000. Finally, Avalon Trust Co acquired a new stake in shares of AB US Large Cap Strategic Equities ETF during the 1st quarter worth about $108,000.

AB US Large Cap Strategic Equities ETF Stock Performance

Shares of LRGC stock traded up $0.38 on Thursday, reaching $86.86. 12,576 shares of the company were exchanged, compared to its average volume of 61,096. AB US Large Cap Strategic Equities ETF has a 1 year low of $71.25 and a 1 year high of $88.18. The business has a 50-day moving average price of $86.48 and a 200 day moving average price of $83.67. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 25.96 and a beta of 0.99.

AB US Large Cap Strategic Equities ETF Company Profile

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.