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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 401 shares, a drop of 53.5% from the July 15th total of 862 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,411 shares, the days-to-cover ratio is currently 0.1 days.

AB US Low Volatility Equity ETF Stock Down 0.4%

LOWV traded down $0.35 during trading hours on Friday, hitting $84.24. 5,730 shares of the company’s stock were exchanged, compared to its average volume of 9,368. AB US Low Volatility Equity ETF has a 1-year low of $71.99 and a 1-year high of $84.85. The stock’s 50-day moving average is $81.05 and its two-hundred day moving average is $79.04. The stock has a market cap of $210.60 million, a price-to-earnings ratio of 25.59 and a beta of 0.72.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new position in shares of AB US Low Volatility Equity ETF in the 4th quarter valued at about $41,000. Osaic Holdings Inc. raised its holdings in AB US Low Volatility Equity ETF by 77.9% during the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after acquiring an additional 505 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 AB US Low Volatility Equity ETF during the fourth quarter worth about $165,000. Finally, Rockefeller Capital Management L.P. acquired a new position in AB US Low Volatility Equity ETF during the fourth quarter valued at approximately $239,000.

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.