Short Interest in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Rises By 114.8%

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 6,454 shares, a growth of 114.8% from the December 15th total of 3,004 shares. Based on an average daily volume of 12,377 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 12,377 shares, the days-to-cover ratio is currently 0.5 days.

AB US Low Volatility Equity ETF Price Performance

Shares of AB US Low Volatility Equity ETF stock traded down $0.03 during trading on Thursday, hitting $78.69. 11,710 shares of the stock were exchanged, compared to its average volume of 13,881. The firm’s 50-day moving average price is $78.54 and its 200 day moving average price is $77.59. The stock has a market cap of $180.99 million, a price-to-earnings ratio of 25.59 and a beta of 0.71. AB US Low Volatility Equity ETF has a 12-month low of $62.19 and a 12-month high of $80.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in shares of AB US Low Volatility Equity ETF by 14.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,338,681 shares of the company’s stock valued at $105,240,000 after acquiring an additional 164,766 shares during the last quarter. Wagner Wealth Management LLC boosted its holdings in AB US Low Volatility Equity ETF by 4.8% in the third quarter. Wagner Wealth Management LLC now owns 148,491 shares of the company’s stock valued at $11,674,000 after purchasing an additional 6,796 shares in the last quarter. Intrepid Financial Planning Group LLC increased its stake in AB US Low Volatility Equity ETF by 3.0% in the third quarter. Intrepid Financial Planning Group LLC now owns 108,434 shares of the company’s stock valued at $8,525,000 after purchasing an additional 3,117 shares during the last quarter. GFG Capital LLC grew its position in shares of AB US Low Volatility Equity ETF by 0.8% in the 4th quarter. GFG Capital LLC now owns 39,670 shares of the company’s stock valued at $3,109,000 after buying an additional 331 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of AB US Low Volatility Equity ETF by 35.5% during the third quarter. Envestnet Asset Management Inc. now owns 18,965 shares of the company’s stock worth $1,491,000 after purchasing an additional 4,970 shares during the last quarter.

About AB US Low Volatility Equity ETF

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.