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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,215 shares, a growth of 1,233.9% from the June 15th total of 316 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 47,918 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in AB Conservative Buffer ETF by 3.4% in the 3rd quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after purchasing an additional 376 shares during the period. Ausdal Financial Partners Inc. boosted its position in shares of 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 buying an additional 1,190 shares during the period. Assetmark Inc. boosted its position in shares of AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after buying an additional 1,327 shares during the period. HighTower Advisors LLC boosted its position in shares of AB Conservative Buffer ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after buying an additional 2,423 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of AB Conservative Buffer ETF during the fourth quarter valued at approximately $218,000.

AB Conservative Buffer ETF Stock Performance

BUFC stock traded up $0.05 during mid-day trading on Friday, reaching $42.74. 4,165 shares of the stock traded hands, compared to its average volume of 47,562. AB Conservative Buffer ETF has a one year low of $39.50 and a one year high of $42.77. The stock has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The business has a 50-day moving average price of $42.37 and a two-hundred day moving average price of $41.67.

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.