AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Update

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 7,509 shares, an increase of 1,595.0% from the January 15th total of 443 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 37,581 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 37,581 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

Several institutional investors have recently made changes to their positions in LRGC. Alliancebernstein L.P. lifted its stake in shares of AB US Large Cap Strategic Equities ETF by 27.4% in the second quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock valued at $384,281,000 after purchasing an additional 1,157,643 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AB US Large Cap Strategic Equities ETF during the 4th quarter valued at approximately $6,168,000. Envestnet Asset Management Inc. purchased a new stake in shares of AB US Large Cap Strategic Equities ETF during the 2nd quarter worth approximately $2,952,000. Bank of America Corp DE grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 4,873.6% in the 3rd quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock worth $1,289,000 after acquiring an additional 16,424 shares during the period. Finally, MGO One Seven LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 23.8% in the 3rd quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock worth $6,413,000 after acquiring an additional 16,033 shares during the period.

AB US Large Cap Strategic Equities ETF Price Performance

NYSEARCA LRGC traded down $0.45 on Tuesday, hitting $77.77. 11,550 shares of the company’s stock were exchanged, compared to its average volume of 37,624. The firm has a market cap of $723.26 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. The firm’s 50-day moving average price is $78.23 and its two-hundred day moving average price is $76.83. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $55.94 and a fifty-two week high of $82.00.

About AB US Large Cap Strategic Equities ETF

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.