AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Down 65.0% in May

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,197 shares, a decrease of 65.0% from the April 30th total of 3,423 shares. Based on an average daily volume of 8,651 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada purchased a new stake in shares of AB US Low Volatility Equity ETF during the 4th quarter valued at approximately $41,000. Osaic Holdings Inc. lifted its stake in shares of AB US Low Volatility Equity ETF by 77.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after buying an additional 505 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of AB US Low Volatility Equity ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $135,000 after buying an additional 900 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of AB US Low Volatility Equity ETF during the 4th quarter valued at approximately $165,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of AB US Low Volatility Equity ETF during the 4th quarter valued at approximately $239,000.

AB US Low Volatility Equity ETF Price Performance

Shares of AB US Low Volatility Equity ETF stock traded up $0.01 on Friday, reaching $81.11. 7,905 shares of the company traded hands, compared to its average volume of 10,310. AB US Low Volatility Equity ETF has a 52 week low of $71.99 and a 52 week high of $81.25. The company has a 50 day moving average of $77.97 and a 200 day moving average of $78.08. The firm has a market capitalization of $202.78 million, a PE ratio of 25.59 and a beta of 0.74.

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.