AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Large Decline in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 529 shares, a decline of 55.8% from the May 14th total of 1,197 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,718 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in AB US Low Volatility Equity ETF during the 4th quarter worth $41,000. Osaic Holdings Inc. grew its position in AB US Low Volatility Equity ETF by 77.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after acquiring an additional 505 shares during the last quarter. Geneos Wealth Management Inc. grew its position in AB US Low Volatility Equity ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after acquiring an additional 900 shares during the last quarter. Heritage Wealth Advisors bought a new stake in AB US Low Volatility Equity ETF during the 4th quarter worth $165,000. Finally, Rockefeller Capital Management L.P. acquired a new position in AB US Low Volatility Equity ETF during the 4th quarter worth about $239,000.

AB US Low Volatility Equity ETF Price Performance

LOWV stock traded up $0.10 during midday trading on Friday, reaching $79.58. 2,387 shares of the stock were exchanged, compared to its average volume of 10,292. The stock has a market capitalization of $198.95 million, a PE ratio of 25.59 and a beta of 0.73. AB US Low Volatility Equity ETF has a 52 week low of $71.99 and a 52 week high of $81.27. The company has a fifty day moving average price of $79.24 and a 200 day moving average price of $78.23.

About AB US Low Volatility Equity ETF

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.