AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Significant Decrease in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 43 shares, a decline of 89.3% from the July 30th total of 401 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,055 shares, the days-to-cover ratio is currently 0.0 days.

AB US Low Volatility Equity ETF Price Performance

NYSEARCA:LOWV traded up $0.26 during trading hours on Tuesday, hitting $84.09. The company’s stock had a trading volume of 4,498 shares, compared to its average volume of 9,151. The stock has a fifty day simple moving average of $81.55 and a 200-day simple moving average of $79.24. The company has a market capitalization of $210.22 million, a P/E ratio of 25.59 and a beta of 0.72. AB US Low Volatility Equity ETF has a twelve month low of $71.99 and a twelve month high of $84.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new stake in AB US Low Volatility Equity ETF in the 1st quarter worth about $11,624,000. Wagner Wealth Management LLC increased its stake in shares of AB US Low Volatility Equity ETF by 5.2% during the 1st quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock worth $11,946,000 after purchasing an additional 7,960 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in AB US Low Volatility Equity ETF during the fourth quarter valued at $239,000. Rubicon Advisors GP bought a new position in shares of AB US Low Volatility Equity ETF during the 4th quarter worth $331,000. Finally, Royal Bank of Canada bought a new stake in AB US Low Volatility Equity ETF in the 4th quarter valued at about $41,000.

AB US Low Volatility Equity ETF Company Profile

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.