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

Nomura Focused Large Growth ETF (NYSEARCA:LRGG) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,976 shares, an increase of 59.3% from the July 15th total of 2,496 shares. Based on an average daily volume of 26,084 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Nomura Focused Large Growth ETF Stock Performance

Shares of LRGG stock opened at $29.58 on Wednesday. Nomura Focused Large Growth ETF has a fifty-two week low of $24.75 and a fifty-two week high of $30.74. The company has a 50 day moving average price of $28.35 and a 200 day moving average price of $27.61. The stock has a market capitalization of $304.67 million, a P/E ratio of 37.23 and a beta of 0.87.

Hedge Funds Weigh In On Nomura Focused Large Growth ETF

Several institutional investors have recently modified their holdings of LRGG. Valley Wealth Managers Inc. grew its stake in shares of Nomura Focused Large Growth ETF by 1.3% in the fourth quarter. Valley Wealth Managers Inc. now owns 846,385 shares of the company’s stock worth $25,053,000 after acquiring an additional 10,888 shares in the last quarter. Royal Bank of Canada purchased a new position in Nomura Focused Large Growth ETF in the first quarter valued at $5,661,000. Susquehanna International Group LLP purchased a new position in Nomura Focused Large Growth ETF in the third quarter valued at $2,033,000. Horizon Wealth Management LLC grew its stake in Nomura Focused Large Growth ETF by 16.1% during the 1st quarter. Horizon Wealth Management LLC now owns 57,581 shares of the company’s stock worth $1,475,000 after purchasing an additional 8,001 shares in the last quarter. Finally, Proactive Wealth Strategies LLC grew its stake in Nomura Focused Large Growth ETF by 98.1% during the 4th quarter. Proactive Wealth Strategies LLC now owns 36,787 shares of the company’s stock worth $1,089,000 after purchasing an additional 18,217 shares in the last quarter.

Nomura Focused Large Growth ETF Company Profile

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.