AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Shares Shorted: Short Interest Down 49.4% in September

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

AB US Large Cap Strategic Equities ETF Trading Down 1.1%

NYSEARCA LRGC traded down $0.93 during mid-day trading on Wednesday, reaching $86.36. 1,373 shares of the company’s stock traded hands, compared to its average volume of 61,264. AB US Large Cap Strategic Equities ETF has a 1-year low of $71.25 and a 1-year high of $88.18. The company has a fifty day simple moving average of $86.52 and a 200-day simple moving average of $83.47. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 25.96 and a beta of 0.99.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

Large investors have recently bought and sold shares of the business. Wagner Wealth Management LLC increased its stake in shares of AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Wagner Wealth Management LLC now owns 105,061 shares of the company’s stock valued at $7,722,000 after purchasing an additional 3,025 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the first quarter valued at approximately $7,549,000. Bank of America Corp DE raised its holdings in shares of AB US Large Cap Strategic Equities ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock valued at $1,596,000 after buying an additional 628 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the second quarter worth approximately $206,000. Finally, Avalon Trust Co acquired a new position in shares of AB US Large Cap Strategic Equities ETF during the first quarter worth approximately $108,000.

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.