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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 315 shares, a decline of 39.7% from the August 15th total of 522 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 32,763 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AB Conservative Buffer ETF stock. HighTower Advisors LLC boosted its holdings in AB Conservative Buffer ETF (NASDAQ:BUFC) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,407 shares of the company’s stock after acquiring an additional 2,423 shares during the period. HighTower Advisors LLC owned 0.38% of AB Conservative Buffer ETF worth $3,777,000 at the end of the most recent reporting period.

AB Conservative Buffer ETF Stock Performance

Shares of BUFC opened at $43.23 on Thursday. AB Conservative Buffer ETF has a one year low of $40.15 and a one year high of $43.38. The stock has a 50 day moving average price of $43.03 and a 200 day moving average price of $42.19. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.

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.