AB Disruptors ETF (NYSEARCA:FWD – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 269,972 shares, a growth of 1,828.8% from the August 31st total of 13,997 shares. Based on an average trading volume of 131,873 shares, the short-interest ratio is presently 2.0 days. Approximately 1.1% of the shares of the stock are short sold.
AB Disruptors ETF Price Performance
AB Disruptors ETF stock opened at $132.94 on Friday. The stock has a fifty day moving average price of $129.32 and a two-hundred day moving average price of $129.13. AB Disruptors ETF has a 52-week low of $95.53 and a 52-week high of $149.57. The firm has a market capitalization of $3.42 billion, a P/E ratio of 41.03 and a beta of 1.60.
Hedge Funds Weigh In On AB Disruptors ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of AB Disruptors ETF by 233.1% in the second quarter. Envestnet Asset Management Inc. now owns 157,322 shares of the company’s stock valued at $23,303,000 after acquiring an additional 110,093 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in AB Disruptors ETF by 10.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 473,735 shares of the company’s stock worth $70,170,000 after acquiring an additional 46,351 shares during the last quarter. NewEdge Advisors LLC bought a new stake in AB Disruptors ETF during the 2nd quarter worth approximately $383,000. Baird Financial Group Inc. acquired a new stake in AB Disruptors ETF during the 2nd quarter valued at $260,000. Finally, SFG Wealth Management LLC. acquired a new stake in AB Disruptors ETF during the 2nd quarter valued at $2,568,000.
About AB Disruptors ETF
The AB Disruptors ETF (FWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography. FWD was launched on Mar 22, 2023 and is managed by AllianceBernstein.
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