AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) Stock Short Interest Drops 49.4%

AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 2,681 shares, a decrease of 49.4% from the September 15th total of 5,294 shares. Based on an average daily volume of 28,819 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

AB US Large Cap Strategic Equities ETF Stock Performance

Shares of LRGC traded down $0.70 during midday trading on Friday, hitting $86.16. 14,893 shares of the stock were exchanged, compared to its average volume of 60,863. AB US Large Cap Strategic Equities ETF has a 52-week low of $71.25 and a 52-week high of $88.18. The stock has a fifty day simple moving average of $86.48 and a 200 day simple moving average of $83.67. The firm has a market cap of $1.35 billion, a P/E ratio of 25.96 and a beta of 0.99.

Hedge Funds Weigh In On AB US Large Cap Strategic Equities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of LRGC. Royal Bank of Canada purchased a new stake in AB US Large Cap Strategic Equities ETF during the first quarter worth about $64,000. Avalon Trust Co purchased a new position in AB US Large Cap Strategic Equities ETF in the 1st quarter valued at approximately $108,000. Valeo Financial Advisors LLC acquired a new position in shares of AB US Large Cap Strategic Equities ETF in the second quarter worth $206,000. Bank of America Corp DE increased its position in shares of AB US Large Cap Strategic Equities ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 21,719 shares of the company’s stock worth $1,596,000 after acquiring an additional 628 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of AB US Large Cap Strategic Equities ETF during the first quarter worth $7,549,000.

AB US Large Cap Strategic Equities ETF Company Profile

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.