AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Sees Large Decline in Short Interest

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 43 shares, a decrease of 89.3% from the July 30th total of 401 shares. Based on an average daily volume of 9,055 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new position in AB US Low Volatility Equity ETF in the 4th quarter worth about $41,000. Osaic Holdings Inc. boosted its position in AB US Low Volatility Equity ETF by 77.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after buying an additional 505 shares during the period. Geneos Wealth Management Inc. grew its holdings in AB US Low Volatility Equity ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after acquiring an additional 900 shares during the last quarter. Heritage Wealth Advisors bought a new stake in AB US Low Volatility Equity ETF during the 4th quarter worth approximately $165,000. Finally, Rockefeller Capital Management L.P. acquired a new position in AB US Low Volatility Equity ETF in the 4th quarter valued at approximately $239,000.

AB US Low Volatility Equity ETF Price Performance

Shares of LOWV stock traded up $0.28 on Thursday, hitting $84.19. 1,999 shares of the company’s stock were exchanged, compared to its average volume of 9,111. The company has a 50 day moving average of $81.72 and a 200 day moving average of $79.33. The stock has a market cap of $210.47 million, a P/E ratio of 25.59 and a beta of 0.72. AB US Low Volatility Equity ETF has a 12 month low of $71.99 and a 12 month high of $84.85.

AB US Low Volatility Equity ETF Company Profile

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.