AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Drop in Short Interest

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,829 shares, a decrease of 58.7% from the July 15th total of 4,429 shares. Based on an average daily trading volume, of 32,191 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. purchased a new position in shares of AB Conservative Buffer ETF during the fourth quarter valued at approximately $218,000. Assetmark Inc. grew its stake in AB Conservative Buffer ETF by 28.7% in the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after acquiring an additional 1,327 shares during the period. Scarborough Advisors LLC grew its stake in AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after acquiring an additional 6,489 shares during the period. NewEdge Advisors LLC acquired a new position in AB Conservative Buffer ETF in the 1st quarter valued at $426,000. Finally, Bailard Inc. acquired a new position in AB Conservative Buffer ETF in the 4th quarter valued at $494,000.

AB Conservative Buffer ETF Price Performance

AB Conservative Buffer ETF stock traded down $0.05 during mid-day trading on Friday, hitting $43.26. 18,320 shares of the company were exchanged, compared to its average volume of 45,004. AB Conservative Buffer ETF has a 12-month low of $39.87 and a 12-month high of $43.34. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26. The business’s 50 day simple moving average is $42.67 and its two-hundred day simple moving average is $41.92.

About AB Conservative Buffer ETF

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.