AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 128.1% in March

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 12,317 shares, a growth of 128.1% from the March 15th total of 5,400 shares. Based on an average daily volume of 262,993 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

AB US Large Cap Strategic Equities ETF Stock Performance

LRGC opened at $78.14 on Tuesday. The company’s 50 day moving average is $75.96 and its 200 day moving average is $77.09. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 25.96 and a beta of 1.02. AB US Large Cap Strategic Equities ETF has a 12-month low of $58.29 and a 12-month high of $82.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LRGC. Global Retirement Partners LLC increased its stake in shares of AB US Large Cap Strategic Equities ETF by 121.4% in the 3rd quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 244 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in AB US Large Cap Strategic Equities ETF during the third quarter valued at $55,000. PNC Financial Services Group Inc. purchased a new position in AB US Large Cap Strategic Equities ETF during the third quarter valued at $64,000. Atlantic Union Bankshares Corp bought a new stake in AB US Large Cap Strategic Equities ETF during the third quarter valued at about $85,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in AB US Large Cap Strategic Equities ETF during the third quarter valued at about $210,000.

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.