AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Down 92.9% in March
by Jessica Moore · The Cerbat GemAB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 18 shares, a decrease of 92.9% from the March 15th total of 255 shares. Based on an average daily trading volume, of 8,427 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
AB US Low Volatility Equity ETF Trading Down 0.5%
LOWV stock traded down $0.37 during midday trading on Friday, reaching $76.40. 5,798 shares of the company’s stock traded hands, compared to its average volume of 10,672. AB US Low Volatility Equity ETF has a 52-week low of $64.50 and a 52-week high of $80.12. The stock has a market cap of $191 million, a P/E ratio of 25.59 and a beta of 0.74. The stock’s 50-day moving average is $76.38 and its 200 day moving average is $77.80.
Institutional Trading of AB US Low Volatility Equity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOWV. Alliancebernstein L.P. increased its holdings in AB US Low Volatility Equity ETF by 27.3% during the second quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock valued at $88,175,000 after buying an additional 251,630 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of AB US Low Volatility Equity ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after purchasing an additional 900 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of AB US Low Volatility Equity ETF by 77.9% in the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after purchasing an additional 505 shares in the last quarter. GFG Capital LLC increased its stake in shares of AB US Low Volatility Equity ETF by 2.2% in the third quarter. GFG Capital LLC now owns 39,339 shares of the company’s stock worth $3,093,000 after purchasing an additional 861 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of AB US Low Volatility Equity ETF by 4.8% in the third quarter. Wagner Wealth Management LLC now owns 148,491 shares of the company’s stock worth $11,674,000 after purchasing an additional 6,796 shares in the last quarter.
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.