AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Sees Significant Drop in Short Interest

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,681 shares, a drop of 49.4% from the September 15th total of 5,294 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,819 shares, the short-interest ratio is presently 0.1 days.

AB US Large Cap Strategic Equities ETF Stock Down 1.1%

Shares of NYSEARCA:LRGC traded down $0.93 during trading on Wednesday, reaching $86.36. The stock had a trading volume of 1,373 shares, compared to its average volume of 61,264. The business has a fifty day moving average price of $86.52 and a 200-day moving average price of $83.47. The stock has a market cap of $1.36 billion, a P/E ratio of 25.96 and a beta of 0.99. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $71.25 and a fifty-two week high of $88.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LRGC. Valeo Financial Advisors LLC acquired a new stake in AB US Large Cap Strategic Equities ETF in the 2nd quarter valued at $206,000. Bank of America Corp DE raised its position in AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock valued at $1,596,000 after purchasing an additional 628 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the first quarter worth about $7,549,000. Royal Bank of Canada acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the first quarter worth about $64,000. Finally, Avalon Trust Co acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the first quarter worth about $108,000.

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.