AB International Low Volatility Equity ETF (NYSEARCA:ILOW) Short Interest Down 88.7% in July

AB International Low Volatility Equity ETF (NYSEARCA:ILOW) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,901 shares, a drop of 88.7% from the June 30th total of 52,064 shares. Based on an average daily trading volume, of 59,781 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in AB International Low Volatility Equity ETF in the 3rd quarter valued at $964,000. Cornerstone Planning Group LLC raised its stake in shares of AB International Low Volatility Equity ETF by 5,278.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 42,921 shares of the company’s stock worth $1,896,000 after purchasing an additional 42,123 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of AB International Low Volatility Equity ETF in the 3rd quarter worth about $1,503,000. TIAA Trust National Association purchased a new position in shares of AB International Low Volatility Equity ETF in the 4th quarter worth about $1,298,000. Finally, Huntington National Bank bought a new position in AB International Low Volatility Equity ETF during the fourth quarter valued at about $75,000.

AB International Low Volatility Equity ETF Price Performance

Shares of NYSEARCA ILOW traded up $0.45 during midday trading on Friday, reaching $45.58. The company’s stock had a trading volume of 50,071 shares, compared to its average volume of 86,861. AB International Low Volatility Equity ETF has a 12-month low of $40.40 and a 12-month high of $46.32. The firm has a 50 day moving average price of $45.24 and a 200-day moving average price of $44.41. The stock has a market capitalization of $1.80 billion, a P/E ratio of 17.53 and a beta of 0.36.

About AB International Low Volatility Equity ETF

The AB International Low Volatility Equity ETF (ILOW) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital growth through investments in large- and mid-cap equity securities located outside of the US. Security selection and weighting focuses on company fundamentals and quantitative research. ILOW was launched on Jul 29, 2015 and is issued by AB Funds.