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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 16,065 shares, a growth of 292.0% from the April 15th total of 4,098 shares. Based on an average daily volume of 30,213 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in AB Conservative Buffer ETF in the third quarter valued at approximately $188,000. Rockefeller Capital Management L.P. bought a new position in AB Conservative Buffer ETF in the fourth quarter valued at approximately $218,000. Scarborough Advisors LLC increased its stake in AB Conservative Buffer ETF by 200.3% in the fourth quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after acquiring an additional 6,489 shares during the last quarter. NewEdge Advisors LLC bought a new position in AB Conservative Buffer ETF in the first quarter valued at approximately $426,000. Finally, Bailard Inc. bought a new position in AB Conservative Buffer ETF in the fourth quarter valued at approximately $494,000.

AB Conservative Buffer ETF Stock Up 0.2%

Shares of BUFC traded up $0.08 during mid-day trading on Thursday, hitting $42.24. 727 shares of the company’s stock were exchanged, compared to its average volume of 45,967. AB Conservative Buffer ETF has a 52 week low of $38.40 and a 52 week high of $42.24. The stock’s 50-day simple moving average is $41.23 and its 200-day simple moving average is $41.24. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.

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.