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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 3,423 shares, a growth of 486.1% from the April 15th total of 584 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 12,689 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Large investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new position in AB US Low Volatility Equity ETF in the 4th quarter valued at $41,000. Osaic Holdings Inc. boosted its stake in shares of AB US Low Volatility Equity ETF by 77.9% during the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after purchasing an additional 505 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of AB US Low Volatility Equity ETF by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $135,000 after purchasing an additional 900 shares during the period. Heritage Wealth Advisors purchased a new position in AB US Low Volatility Equity ETF in the 4th quarter worth about $165,000. Finally, Rockefeller Capital Management L.P. purchased a new position in AB US Low Volatility Equity ETF in the 4th quarter worth about $239,000.

AB US Low Volatility Equity ETF Stock Performance

NYSEARCA LOWV traded up $0.81 during trading on Thursday, hitting $80.92. The stock had a trading volume of 4,890 shares, compared to its average volume of 10,540. AB US Low Volatility Equity ETF has a one year low of $71.55 and a one year high of $80.94. The stock has a 50 day simple moving average of $77.09 and a 200 day simple moving average of $77.93. The stock has a market capitalization of $202.30 million, a price-to-earnings ratio of 25.59 and a beta of 0.74.

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.