AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Short Interest Down 51.9% in May

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 8,651 shares, a drop of 51.9% from the April 30th total of 17,984 shares. Based on an average daily volume of 67,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On AB US Large Cap Strategic Equities ETF

A number of large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in AB US Large Cap Strategic Equities ETF by 2.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,159 shares of the company’s stock valued at $634,000 after purchasing an additional 188 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of AB US Large Cap Strategic Equities ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock worth $1,596,000 after buying an additional 628 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of AB US Large Cap Strategic Equities ETF in the third quarter worth about $55,000. PNC Financial Services Group Inc. purchased a new position in shares of AB US Large Cap Strategic Equities ETF in the third quarter worth about $64,000. Finally, Royal Bank of Canada purchased a new position in shares of AB US Large Cap Strategic Equities ETF in the first quarter worth about $64,000.

AB US Large Cap Strategic Equities ETF Stock Up 0.0%

NYSEARCA LRGC opened at $84.09 on Wednesday. The stock’s 50-day simple moving average is $79.34 and its two-hundred day simple moving average is $78.14. AB US Large Cap Strategic Equities ETF has a twelve month low of $67.40 and a twelve month high of $84.24. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 25.96 and a beta of 1.03.

About AB US Large Cap Strategic Equities ETF

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.