AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Large Drop in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 529 shares, a drop of 55.8% from the May 14th total of 1,197 shares. Based on an average trading volume of 8,718 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

Several large investors have recently bought and sold shares of the stock. GFG Capital LLC boosted its holdings in AB US Low Volatility Equity ETF by 0.8% in the fourth quarter. GFG Capital LLC now owns 39,670 shares of the company’s stock valued at $3,109,000 after purchasing an additional 331 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of AB US Low Volatility Equity ETF by 77.9% in the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after acquiring an additional 505 shares during the period. Royal Bank of Canada purchased a new position in shares of AB US Low Volatility Equity ETF during the fourth quarter worth approximately $41,000. Geneos Wealth Management Inc. increased its holdings in shares of AB US Low Volatility Equity ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $135,000 after acquiring an additional 900 shares during the period. Finally, Heritage Wealth Advisors acquired a new position in shares of AB US Low Volatility Equity ETF in the 4th quarter valued at $165,000.

AB US Low Volatility Equity ETF Stock Performance

Shares of LOWV traded up $0.67 during mid-day trading on Monday, hitting $80.25. 2,881 shares of the company’s stock were exchanged, compared to its average volume of 10,225. The stock’s 50-day moving average is $79.24 and its 200-day moving average is $78.23. AB US Low Volatility Equity ETF has a fifty-two week low of $71.99 and a fifty-two week high of $81.27. The company has a market cap of $200.63 million, a price-to-earnings ratio of 25.59 and a beta of 0.73.

About AB US Low Volatility Equity ETF

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.