AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Up 495.9% in April

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 17,984 shares, a growth of 495.9% from the April 15th total of 3,018 shares. Based on an average daily trading volume, of 92,228 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

AB US Large Cap Strategic Equities ETF Stock Performance

Shares of AB US Large Cap Strategic Equities ETF stock traded up $0.81 on Thursday, reaching $83.57. The stock had a trading volume of 43,048 shares, compared to its average volume of 86,724. The stock has a market cap of $1.21 billion, a P/E ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $65.64 and a fifty-two week high of $83.73. The business’s 50-day moving average price is $77.40 and its two-hundred day moving average price is $77.66.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

Several institutional investors and hedge funds have recently bought and sold shares of LRGC. Alliancebernstein L.P. grew its holdings 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 during the last quarter. LPL Financial LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 807,822 shares of the company’s stock worth $62,800,000 after purchasing an additional 45,087 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 3.0% in the 1st quarter. Wagner Wealth Management LLC now owns 105,061 shares of the company’s stock worth $7,722,000 after purchasing an additional 3,025 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of AB US Large Cap Strategic Equities ETF by 23.8% in the 3rd quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock worth $6,413,000 after purchasing an additional 16,033 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of AB US Large Cap Strategic Equities ETF in the 4th quarter worth about $6,168,000.

About AB US Large Cap Strategic Equities ETF

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.