AB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 379 shares, an increase of 781.4% from the August 15th total of 43 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,495 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On AB US Low Volatility Equity ETF
Several hedge funds have recently added to or reduced their stakes in LOWV. Royal Bank of Canada acquired a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter valued at $41,000. Osaic Holdings Inc. boosted its holdings in shares of AB US Low Volatility Equity ETF by 77.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock worth $87,000 after buying an additional 505 shares during the period. Geneos Wealth Management Inc. grew its stake in AB US Low Volatility Equity ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $135,000 after buying an additional 900 shares during the last quarter. Heritage Wealth Advisors acquired a new position in AB US Low Volatility Equity ETF in the 4th quarter valued at about $165,000. Finally, Rockefeller Capital Management L.P. bought a new position in AB US Low Volatility Equity ETF in the 4th quarter valued at about $239,000.
AB US Low Volatility Equity ETF Trading Up 0.9%
Shares of LOWV traded up $0.75 during mid-day trading on Friday, reaching $83.14. The company’s stock had a trading volume of 487 shares, compared to its average volume of 9,621. AB US Low Volatility Equity ETF has a 1-year low of $71.99 and a 1-year high of $84.85. The business has a 50-day simple moving average of $82.72 and a two-hundred day simple moving average of $79.81. The stock has a market cap of $207.85 million, a P/E ratio of 25.59 and a beta of 0.72.
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.
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