Short Interest in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Grows By 1,966.7%

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,200 shares, an increase of 1,966.7% from the September 30th total of 300 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

Several large investors have recently added to or reduced their stakes in LOWV. Alliancebernstein L.P. increased its stake in AB US Low Volatility Equity ETF by 27.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock worth $88,175,000 after buying an additional 251,630 shares during the period. Intrepid Financial Planning Group LLC purchased a new stake in AB US Low Volatility Equity ETF during the 1st quarter worth approximately $7,120,000. GFG Capital LLC purchased a new stake in AB US Low Volatility Equity ETF during the 1st quarter worth approximately $2,693,000. Wagner Wealth Management LLC increased its stake in AB US Low Volatility Equity ETF by 7.5% during the 2nd quarter. Wagner Wealth Management LLC now owns 141,695 shares of the company’s stock worth $10,643,000 after buying an additional 9,851 shares during the period. Finally, LPL Financial LLC increased its stake in AB US Low Volatility Equity ETF by 6.2% during the 1st quarter. LPL Financial LLC now owns 118,153 shares of the company’s stock worth $8,241,000 after buying an additional 6,856 shares during the period.

AB US Low Volatility Equity ETF Stock Up 0.8%

Shares of LOWV opened at $79.73 on Tuesday. AB US Low Volatility Equity ETF has a fifty-two week low of $62.19 and a fifty-two week high of $80.12. The firm’s 50 day moving average price is $77.86 and its 200 day moving average price is $74.61. The company has a market cap of $159.46 million, a P/E ratio of 25.59 and a beta of 0.71.

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.