Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Grows By 1,226.0%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 25,751 shares, an increase of 1,226.0% from the February 12th total of 1,942 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 73,262 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 73,262 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

AB US Large Cap Strategic Equities ETF Trading Down 0.2%

Shares of NYSEARCA:LRGC opened at $76.15 on Wednesday. The stock has a market capitalization of $708.20 million, a P/E ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a 1-year low of $55.94 and a 1-year high of $82.00. The business has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $77.29.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in AB US Large Cap Strategic Equities ETF by 121.4% in the third quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the 3rd quarter valued at $55,000. PNC Financial Services Group Inc. acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at $64,000. Atlantic Union Bankshares Corp bought a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter worth $85,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of AB US Large Cap Strategic Equities ETF during the third quarter worth $210,000.

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.