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

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 3,066 shares, an increase of 182.1% from the February 12th total of 1,087 shares. Based on an average daily volume of 12,098 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,098 shares, the days-to-cover ratio is presently 0.3 days.

AB US Low Volatility Equity ETF Stock Performance

NYSEARCA LOWV traded down $0.27 during trading hours on Wednesday, reaching $76.98. The stock had a trading volume of 4,478 shares, compared to its average volume of 11,810. AB US Low Volatility Equity ETF has a 52-week low of $62.19 and a 52-week high of $80.12. The stock has a market cap of $177.05 million, a P/E ratio of 25.59 and a beta of 0.71. The stock has a fifty day moving average of $78.19 and a 200 day moving average of $78.21.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LOWV. Envestnet Asset Management Inc. lifted its stake in shares of AB US Low Volatility Equity ETF by 65.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,995 shares of the company’s stock valued at $1,051,000 after purchasing an additional 5,514 shares during the period. Intrepid Financial Planning Group LLC boosted its stake in shares of AB US Low Volatility Equity ETF by 3.2% during the 2nd quarter. Intrepid Financial Planning Group LLC now owns 105,317 shares of the company’s stock worth $7,911,000 after acquiring an additional 3,242 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of AB US Low Volatility Equity ETF by 27.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock valued at $88,175,000 after acquiring an additional 251,630 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of AB US Low Volatility Equity ETF by 100.0% in the 2nd 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 in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in AB US Low Volatility Equity ETF by 77.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after purchasing an additional 505 shares during the period.

AB US Low Volatility Equity ETF Company Profile

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.