AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Update

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,197 shares, a drop of 65.0% from the April 30th total of 3,423 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 8,651 shares, the days-to-cover ratio is currently 0.1 days.

AB US Low Volatility Equity ETF Stock Up 0.0%

LOWV stock traded up $0.01 during trading hours on Friday, hitting $81.11. The company’s stock had a trading volume of 7,905 shares, compared to its average volume of 10,310. AB US Low Volatility Equity ETF has a 12 month low of $71.99 and a 12 month high of $81.25. The company has a market capitalization of $202.78 million, a PE ratio of 25.59 and a beta of 0.74. The stock has a 50 day moving average price of $77.97 and a two-hundred day moving average price of $78.09.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Several large investors have recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in AB US Low Volatility Equity ETF by 27.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,173,915 shares of the company’s stock worth $88,175,000 after acquiring an additional 251,630 shares during the period. Arkadios Wealth Advisors bought a new position in shares of AB US Low Volatility Equity ETF in the 1st quarter worth $11,624,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of AB US Low Volatility Equity ETF during the fourth quarter worth $1,525,000. LPL Financial LLC increased its holdings in AB US Low Volatility Equity ETF by 5.7% in the fourth quarter. LPL Financial LLC now owns 241,677 shares of the company’s stock valued at $18,938,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in AB US Low Volatility Equity ETF by 5.2% in the first quarter. Wagner Wealth Management LLC now owns 161,690 shares of the company’s stock valued at $11,946,000 after purchasing an additional 7,960 shares during the last quarter.

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.