AB US Low Volatility Equity ETF (NYSEARCA:LOWV – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 924 shares, an increase of 74.7% from the May 31st total of 529 shares. Based on an average daily trading volume, of 9,692 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On AB US Low Volatility Equity ETF
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in AB US Low Volatility Equity ETF during the fourth quarter worth $41,000. Osaic Holdings Inc. grew its holdings in AB US Low Volatility Equity ETF by 77.9% in the second quarter. Osaic Holdings Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after purchasing an additional 505 shares during the last quarter. Geneos Wealth Management Inc. grew 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 valued at $135,000 after purchasing an additional 900 shares during the last quarter. Heritage Wealth Advisors purchased a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter valued at $165,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of AB US Low Volatility Equity ETF in the fourth quarter valued at $239,000.
AB US Low Volatility Equity ETF Stock Performance
LOWV stock opened at $80.44 on Friday. The firm has a 50 day moving average of $79.89 and a 200-day moving average of $78.29. AB US Low Volatility Equity ETF has a 12-month low of $71.99 and a 12-month high of $81.27. The company has a market cap of $201.10 million, a price-to-earnings ratio of 25.59 and a beta of 0.73.
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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