AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Short Interest Up 74.7% in June

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 924 shares, an increase of 74.7% from the May 31st total of 529 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 9,692 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On AB US Low Volatility Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in AB US Low Volatility Equity ETF by 14.0% during the third quarter. Alliancebernstein L.P. now owns 1,338,681 shares of the company’s stock worth $105,240,000 after buying an additional 164,766 shares during the last quarter. LPL Financial LLC raised its stake in shares of 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 acquiring an additional 13,100 shares during the last quarter. Wagner Wealth Management LLC raised its stake in shares of 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 acquiring an additional 7,960 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of AB US Low Volatility Equity ETF in the 1st quarter worth approximately $11,624,000. Finally, Intrepid Financial Planning Group LLC boosted its holdings in shares of AB US Low Volatility Equity ETF by 3.0% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 108,434 shares of the company’s stock worth $8,525,000 after acquiring an additional 3,117 shares in the last quarter.

AB US Low Volatility Equity ETF Trading Up 0.9%

Shares of LOWV opened at $80.44 on Friday. AB US Low Volatility Equity ETF has a 1 year low of $71.99 and a 1 year high of $81.27. The stock has a 50 day simple moving average of $79.86 and a 200-day simple moving average of $78.28. The stock has a market cap of $201.10 million, a PE ratio of 25.59 and a beta of 0.73.

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.