AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Update

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 3,018 shares, a decline of 75.5% from the March 31st total of 12,317 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 67,815 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of AB US Large Cap Strategic Equities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in LRGC. Alliancebernstein L.P. boosted its position in shares of AB US Large Cap Strategic Equities ETF by 20.9% in the 3rd quarter. Alliancebernstein L.P. now owns 6,497,847 shares of the company’s stock worth $499,785,000 after purchasing an additional 1,122,177 shares in the last quarter. LPL Financial LLC increased its position in AB US Large Cap Strategic Equities ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock valued at $62,800,000 after buying an additional 45,087 shares in the last quarter. Wagner Wealth Management LLC raised its stake in 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 valued at $7,722,000 after buying an additional 3,025 shares during the last quarter. MGO One Seven LLC raised its stake in AB US Large Cap Strategic Equities ETF by 23.8% in the third quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock valued at $6,413,000 after buying an additional 16,033 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in 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

NYSEARCA:LRGC traded up $0.42 during midday trading on Friday, reaching $80.90. 20,850 shares of the stock traded hands, compared to its average volume of 92,103. The stock has a market capitalization of $1.11 billion, a PE ratio of 25.96 and a beta of 1.02. AB US Large Cap Strategic Equities ETF has a 12-month low of $61.54 and a 12-month high of $82.00. The business has a 50-day moving average of $76.43 and a two-hundred day moving average of $77.29.

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.