Nomura Focused Large Growth ETF (NYSEARCA:LRGG) Sees Large Drop in Short Interest

Nomura Focused Large Growth ETF (NYSEARCA:LRGG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 31 shares, a drop of 59.7% from the September 30th total of 77 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,389 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in Nomura Focused Large Growth ETF in the second quarter valued at about $2,346,000. Citadel Advisors LLC raised its holdings in Nomura Focused Large Growth ETF by 36.1% in the second quarter. Citadel Advisors LLC now owns 25,582 shares of the company’s stock worth $703,000 after purchasing an additional 6,788 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of Nomura Focused Large Growth ETF during the first quarter valued at about $5,661,000. Kestra Advisory Services LLC purchased a new stake in shares of Nomura Focused Large Growth ETF during the first quarter valued at about $560,000. Finally, Horizon Wealth Management LLC boosted its holdings in shares of Nomura Focused Large Growth ETF by 16.1% in the 1st quarter. Horizon Wealth Management LLC now owns 57,581 shares of the company’s stock valued at $1,475,000 after buying an additional 8,001 shares in the last quarter.

Nomura Focused Large Growth ETF Stock Performance

Nomura Focused Large Growth ETF stock traded down $0.48 during mid-day trading on Friday, reaching $30.01. 5,521 shares of the company were exchanged, compared to its average volume of 53,621. The business has a fifty day moving average of $30.10 and a 200 day moving average of $28.35. The firm has a market cap of $288.10 million, a P/E ratio of 37.23 and a beta of 0.88. Nomura Focused Large Growth ETF has a 12-month low of $24.75 and a 12-month high of $30.94.

About Nomura Focused Large Growth ETF

The Macquarie Focused Large Growth ETF (LRGG) is an exchange-traded fund that mostly invests in large cap equity. The fund focuses on long-term capital growth by actively managing a narrow portfolio of large-cap US companies deemed as growth-oriented. LRGG was launched on May 14, 2024 and is issued by Macquarie.