AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Update

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,197 shares, a decline of 65.0% from the April 30th total of 3,423 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,651 shares, the days-to-cover ratio is currently 0.1 days.

AB US Low Volatility Equity ETF Stock Performance

LOWV stock traded up $0.01 during midday trading on Friday, hitting $81.11. 7,905 shares of the company’s stock were exchanged, compared to its average volume of 10,310. AB US Low Volatility Equity ETF has a one year low of $71.99 and a one year high of $81.25. The company has a market cap of $202.78 million, a PE ratio of 25.59 and a beta of 0.74. The stock’s fifty day moving average price is $77.97 and its 200-day moving average price is $78.09.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of LOWV. Royal Bank of Canada bought a new stake in AB US Low Volatility Equity ETF during the 4th quarter worth approximately $41,000. Osaic Holdings Inc. boosted its holdings 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 valued at $87,000 after buying an additional 505 shares during the period. Geneos Wealth Management Inc. increased its position in shares of AB US Low Volatility Equity ETF by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after acquiring an additional 900 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of AB US Low Volatility Equity ETF during the fourth quarter worth $165,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of AB US Low Volatility Equity ETF during the fourth quarter worth $239,000.

About AB US Low Volatility Equity ETF

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.