AB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 529 shares, a decrease of 55.8% from the May 14th total of 1,197 shares. Based on an average daily trading volume, of 8,718 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
AB US Low Volatility Equity ETF Trading Up 0.1%
LOWV stock traded up $0.10 during trading on Friday, reaching $79.58. 2,387 shares of the stock were exchanged, compared to its average volume of 10,292. The firm’s 50 day moving average is $79.24 and its 200 day moving average is $78.23. AB US Low Volatility Equity ETF has a twelve month low of $71.99 and a twelve month high of $81.27. The firm has a market cap of $198.95 million, a P/E ratio of 25.59 and a beta of 0.73.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in AB US Low Volatility Equity ETF during the 4th quarter worth approximately $41,000. Osaic Holdings Inc. raised its stake in 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. raised its stake in AB US Low Volatility Equity ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $135,000 after buying an additional 900 shares during the period. Heritage Wealth Advisors acquired a new position in AB US Low Volatility Equity ETF during the 4th quarter worth approximately $165,000. Finally, Rockefeller Capital Management L.P. acquired a new position in AB US Low Volatility Equity ETF during the 4th quarter worth approximately $239,000.
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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