AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Update
by Mitch Edgeman · The Markets DailyAB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 11,077 shares, an increase of 34.5% from the December 15th total of 8,235 shares. Based on an average daily volume of 32,613 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 32,613 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of AB US Large Cap Strategic Equities ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in AB US Large Cap Strategic Equities ETF by 27.4% in the 2nd quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after buying an additional 1,157,643 shares during the period. Envestnet Asset Management Inc. bought a new stake in AB US Large Cap Strategic Equities ETF during the 2nd quarter valued at $2,952,000. Bank of America Corp DE lifted its position in shares of AB US Large Cap Strategic Equities ETF by 4,873.6% during the third quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock worth $1,289,000 after acquiring an additional 16,424 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 23.8% in the third quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock worth $6,413,000 after acquiring an additional 16,033 shares during the period. Finally, Jane Street Group LLC grew its position in shares of AB US Large Cap Strategic Equities ETF by 373.1% in the first quarter. Jane Street Group LLC now owns 17,279 shares of the company’s stock valued at $1,108,000 after purchasing an additional 13,627 shares in the last quarter.
AB US Large Cap Strategic Equities ETF Stock Performance
NYSEARCA:LRGC traded up $0.04 during trading hours on Friday, reaching $78.78. The stock had a trading volume of 21,327 shares, compared to its average volume of 32,693. The stock has a market cap of $716.90 million, a P/E ratio of 25.96 and a beta of 1.03. The stock has a 50 day simple moving average of $77.76 and a 200 day simple moving average of $76.19. AB US Large Cap Strategic Equities ETF has a 12-month low of $55.94 and a 12-month high of $82.00.
About AB US Large Cap Strategic Equities ETF
The AB US Large Cap Strategic Equities ETF (LRGC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US companies. Its stock selection process combines fundamental and quantitative research to identify opportunities while managing risk. LRGC was launched on Sep 20, 2023 and is issued by AB Funds.