Short Interest in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) Increases By 3,144.4%

AB US Low Volatility Equity ETF (NYSEARCA:LOWV) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 584 shares, an increase of 3,144.4% from the March 31st total of 18 shares. Based on an average trading volume of 7,999 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AB US Low Volatility Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. GFG Capital LLC boosted its holdings in shares of AB US Low Volatility Equity ETF by 0.8% during the fourth quarter. GFG Capital LLC now owns 39,670 shares of the company’s stock valued at $3,109,000 after acquiring an additional 331 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of AB US Low Volatility Equity ETF by 77.9% during the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after acquiring an additional 505 shares during the period. Royal Bank of Canada acquired a new position in shares of AB US Low Volatility Equity ETF during the fourth quarter valued at $41,000. Geneos Wealth Management Inc. lifted its holdings in AB US Low Volatility Equity ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after purchasing an additional 900 shares during the period. Finally, Heritage Wealth Advisors acquired a new stake in AB US Low Volatility Equity ETF in the fourth quarter worth about $165,000.

AB US Low Volatility Equity ETF Stock Performance

Shares of LOWV opened at $79.23 on Friday. AB US Low Volatility Equity ETF has a 1 year low of $67.91 and a 1 year high of $80.12. The company has a market cap of $198.08 million, a price-to-earnings ratio of 25.59 and a beta of 0.74. The firm has a fifty day moving average of $76.55 and a 200-day moving average of $77.81.

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.