AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Update

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,947 shares, a drop of 87.9% from the April 30th total of 16,065 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 22,578 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several large investors have recently added to or reduced their stakes in BUFC. NewEdge Advisors LLC purchased a new position in AB Conservative Buffer ETF during the first quarter worth about $426,000. Ausdal Financial Partners Inc. raised its holdings in shares of AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 shares during the period. Assetmark Inc. purchased a new position in shares of AB Conservative Buffer ETF in the 3rd quarter worth about $188,000. Alliancebernstein L.P. raised its holdings in shares of AB Conservative Buffer ETF by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock worth $753,244,000 after purchasing an additional 186,458 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in shares of AB Conservative Buffer ETF by 534.9% in the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after purchasing an additional 65,072 shares during the period.

AB Conservative Buffer ETF Stock Up 0.2%

Shares of BUFC traded up $0.08 during trading hours on Friday, reaching $42.49. 35,977 shares of the company traded hands, compared to its average volume of 48,031. The stock has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. AB Conservative Buffer ETF has a fifty-two week low of $38.40 and a fifty-two week high of $42.55. The stock has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $41.36.

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.