Allspring LT Large Growth ETF (NYSEARCA:AGRW) Sees Significant Drop in Short Interest

Allspring LT Large Growth ETF (NYSEARCA:AGRW) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 546 shares, a drop of 60.3% from the August 15th total of 1,376 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 364 shares, the days-to-cover ratio is presently 1.5 days.

Allspring LT Large Growth ETF Price Performance

NYSEARCA:AGRW opened at $32.40 on Friday. The business’s 50-day simple moving average is $32.27 and its 200-day simple moving average is $30.91. Allspring LT Large Growth ETF has a fifty-two week low of $26.19 and a fifty-two week high of $33.72. The stock has a market capitalization of $113.08 million, a PE ratio of 35.22 and a beta of 1.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Allspring LT Large Growth ETF stock. Integrated Wealth Concepts LLC purchased a new stake in Allspring LT Large Growth ETF (NYSEARCA:AGRW) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the company’s stock, valued at approximately $41,000.

About Allspring LT Large Growth ETF

Allspring Exchange-Traded Funds Trust – Allspring LT Large Growth ETF is an exchange traded fund launched and managed by Allspring Funds Management, LLC. The fund is co-managed by Allspring Global Investments, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of large-cap companies, within the market capitalization range of the S&P 500 Index. It employs fundamental analysis to create its portfolio.