Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Grows By 34.5%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 11,077 shares, an increase of 34.5% from the December 15th total of 8,235 shares. Based on an average trading volume of 32,613 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 32,613 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PMG Wealth Management Inc. acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 2nd quarter valued at approximately $320,000. Wagner Wealth Management LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 3.3% in the second quarter. Wagner Wealth Management LLC now owns 99,167 shares of the company’s stock valued at $7,089,000 after acquiring an additional 3,165 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in AB US Large Cap Strategic Equities ETF during the second quarter worth about $2,952,000. MGO One Seven LLC boosted its position in AB US Large Cap Strategic Equities ETF by 7.3% during the second quarter. MGO One Seven LLC now owns 67,339 shares of the company’s stock valued at $4,814,000 after purchasing an additional 4,553 shares during the last quarter. Finally, Good Life Advisors LLC grew its stake in AB US Large Cap Strategic Equities ETF by 2.4% in the second quarter. Good Life Advisors LLC now owns 115,012 shares of the company’s stock valued at $8,222,000 after purchasing an additional 2,700 shares in the last quarter.

AB US Large Cap Strategic Equities ETF Price Performance

Shares of LRGC stock traded up $0.04 during trading hours on Monday, reaching $78.78. The company had a trading volume of 21,327 shares, compared to its average volume of 32,693. AB US Large Cap Strategic Equities ETF has a 1-year low of $55.94 and a 1-year high of $82.00. The firm has a market cap of $716.90 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. The company has a 50 day moving average of $77.76 and a 200 day moving average of $76.19.

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.