AB International Low Volatility Equity ETF (NYSEARCA:ILOW) Sees Significant Growth in Short Interest

AB International Low Volatility Equity ETF (NYSEARCA:ILOW) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 20,731 shares, a growth of 251.3% from the July 15th total of 5,901 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 44,836 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its position in shares of AB International Low Volatility Equity ETF by 5,278.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 42,921 shares of the company’s stock valued at $1,896,000 after acquiring an additional 42,123 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of AB International Low Volatility Equity ETF in the 3rd quarter worth approximately $1,503,000. TIAA Trust National Association acquired a new stake in shares of AB International Low Volatility Equity ETF in the 4th quarter worth approximately $1,298,000. JPMorgan Chase & Co. purchased a new position in AB International Low Volatility Equity ETF in the 3rd quarter valued at approximately $964,000. Finally, Huntington National Bank purchased a new position in AB International Low Volatility Equity ETF in the 4th quarter valued at approximately $75,000.

AB International Low Volatility Equity ETF Trading Up 0.3%

Shares of ILOW traded up $0.13 during trading hours on Thursday, reaching $47.46. The company had a trading volume of 1,110 shares, compared to its average volume of 83,218. The firm has a 50 day simple moving average of $45.72 and a 200-day simple moving average of $44.74. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.53 and a beta of 0.36. AB International Low Volatility Equity ETF has a 12-month low of $40.74 and a 12-month high of $47.90.

AB International Low Volatility Equity ETF Company Profile

The AB International Low Volatility Equity ETF (ILOW) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital growth through investments in large- and mid-cap equity securities located outside of the US. Security selection and weighting focuses on company fundamentals and quantitative research. ILOW was launched on Jul 29, 2015 and is issued by AB Funds.