AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Significant Decline in Short Interest

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 316 shares, a decline of 76.7% from the May 31st total of 1,358 shares. Based on an average trading volume of 53,593 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of AB Conservative Buffer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BUFC. NewEdge Advisors LLC lifted its position in AB Conservative Buffer ETF by 3.4% in the third quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after buying an additional 376 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in AB Conservative Buffer ETF by 9.8% during the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after acquiring an additional 1,190 shares during the last quarter. Assetmark Inc. raised its stake in shares of AB Conservative Buffer ETF by 28.7% in the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after acquiring an additional 1,327 shares during the period. HighTower Advisors LLC raised its stake in shares of AB Conservative Buffer ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after acquiring an additional 2,423 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of AB Conservative Buffer ETF in the fourth quarter valued at $218,000.

AB Conservative Buffer ETF Price Performance

Shares of BUFC stock opened at $42.32 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. AB Conservative Buffer ETF has a 1 year low of $38.40 and a 1 year high of $42.62. The stock’s 50 day simple moving average is $42.20 and its two-hundred day simple moving average is $41.57.

AB Conservative Buffer ETF Company Profile

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.