Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Grows By 607.5%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 8,235 shares, a growth of 607.5% from the November 30th total of 1,164 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 41,685 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 41,685 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of AB US Large Cap Strategic Equities ETF

Large investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new position in AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at approximately $746,000. Mercer Global Advisors Inc. ADV acquired a new stake in AB US Large Cap Strategic Equities ETF in the third quarter valued at $210,000. Bank of America Corp DE increased its holdings in AB US Large Cap Strategic Equities ETF by 4,873.6% in the third quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock valued at $1,289,000 after purchasing an additional 16,424 shares during the period. Alliancebernstein L.P. raised its position in AB US Large Cap Strategic Equities ETF by 20.9% during 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. Finally, JPMorgan Chase & Co. acquired a new position in AB US Large Cap Strategic Equities ETF during the 3rd quarter worth about $55,000.

AB US Large Cap Strategic Equities ETF Price Performance

LRGC traded up $0.27 during trading on Thursday, hitting $78.42. 15,904 shares of the stock traded hands, compared to its average volume of 32,357. The business has a 50 day moving average price of $77.43 and a 200 day moving average price of $75.08. AB US Large Cap Strategic Equities ETF has a twelve month low of $55.94 and a twelve month high of $82.00. The company has a market cap of $650.89 million, a price-to-earnings ratio of 25.96 and a beta of 1.03.

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.