AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Sees Large Growth in Short Interest

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 17,984 shares, an increase of 495.9% from the April 15th total of 3,018 shares. Based on an average daily volume of 92,228 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avalon Trust Co acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the first quarter worth about $108,000. Wagner Wealth Management LLC boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Wagner Wealth Management LLC now owns 105,061 shares of the company’s stock worth $7,722,000 after buying an additional 3,025 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,159 shares of the company’s stock worth $634,000 after buying an additional 188 shares during the period. LPL Financial LLC boosted its holdings in shares of AB US Large Cap Strategic Equities ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock worth $62,800,000 after buying an additional 45,087 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the fourth quarter worth about $6,168,000.

AB US Large Cap Strategic Equities ETF Stock Performance

Shares of NYSEARCA:LRGC traded down $0.02 during trading hours on Tuesday, hitting $82.40. 22,149 shares of the company’s stock traded hands, compared to its average volume of 87,686. AB US Large Cap Strategic Equities ETF has a 52 week low of $65.64 and a 52 week high of $82.85. The company’s fifty day simple moving average is $77.19 and its two-hundred day simple moving average is $77.59. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 25.96 and a beta of 1.03.

AB US Large Cap Strategic Equities ETF Company Profile

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.