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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,000 shares, a drop of 84.4% from the March 15th total of 25,600 shares. Based on an average daily volume of 84,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

AB Conservative Buffer ETF Stock Performance

NASDAQ BUFC traded up $0.04 during trading hours on Tuesday, reaching $38.34. 2,078 shares of the company’s stock were exchanged, compared to its average volume of 82,087. The company’s 50-day moving average is $38.81 and its two-hundred day moving average is $39.03. AB Conservative Buffer ETF has a one year low of $35.00 and a one year high of $41.16. The company has a market capitalization of $832.06 million, a price-to-earnings ratio of 24.36 and a beta of 0.22.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Large investors have recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF during the 4th quarter valued at approximately $125,000. Susquehanna International Group LLP grew its stake in AB Conservative Buffer ETF by 355.6% in the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock valued at $1,758,000 after purchasing an additional 35,036 shares during the period. OLD Mission Capital LLC bought a new stake in shares of AB Conservative Buffer ETF in the 4th quarter worth approximately $421,000. Alliancebernstein L.P. boosted its position in AB Conservative Buffer ETF by 11.5% during the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock worth $537,756,000 after purchasing an additional 1,410,754 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in shares of AB Conservative Buffer ETF by 5.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after purchasing an additional 663 shares in the last quarter.

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.