Short Interest in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Rises By 495.9%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,984 shares, an increase of 495.9% from the April 15th total of 3,018 shares. Based on an average trading volume of 92,228 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

AB US Large Cap Strategic Equities ETF Price Performance

Shares of LRGC stock traded up $0.83 during trading hours on Thursday, hitting $83.59. The company had a trading volume of 49,223 shares, compared to its average volume of 86,802. The company’s fifty day moving average is $77.40 and its 200 day moving average is $77.66. AB US Large Cap Strategic Equities ETF has a fifty-two week low of $65.64 and a fifty-two week high of $83.73. The stock has a market capitalization of $1.21 billion, a PE ratio of 25.96 and a beta of 1.03.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

Several large investors have recently made changes to their positions in LRGC. Global Retirement Partners LLC lifted its holdings in shares of AB US Large Cap Strategic Equities ETF by 121.4% in the 3rd quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 244 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter worth approximately $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 worth approximately $64,000. Atlantic Union Bankshares Corp acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 3rd quarter worth approximately $85,000. Finally, Avalon Trust Co acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the 1st quarter worth approximately $108,000.

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.