AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Down 51.9% in May

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 8,651 shares, a decrease of 51.9% from the April 30th total of 17,984 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds have recently modified their holdings of LRGC. Jane Street Group LLC grew its holdings in AB US Large Cap Strategic Equities ETF by 373.1% in the first quarter. Jane Street Group LLC now owns 17,279 shares of the company’s stock valued at $1,108,000 after purchasing an additional 13,627 shares during the period. Alliancebernstein L.P. raised its stake in AB US Large Cap Strategic Equities ETF by 27.4% during the second quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after purchasing an additional 1,157,643 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at $85,000. Envestnet Asset Management Inc. boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 89.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock valued at $6,027,000 after purchasing an additional 37,065 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at $64,000.

AB US Large Cap Strategic Equities ETF Price Performance

NYSEARCA:LRGC traded up $0.04 during mid-day trading on Tuesday, reaching $84.09. The company’s stock had a trading volume of 154,019 shares, compared to its average volume of 83,485. The company’s fifty day simple moving average is $79.34 and its two-hundred day simple moving average is $78.14. AB US Large Cap Strategic Equities ETF has a twelve month low of $67.40 and a twelve month high of $84.24. The stock has a market cap of $1.22 billion, a P/E ratio of 25.96 and a beta of 1.03.

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.