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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 316 shares, a drop of 76.7% from the May 31st total of 1,358 shares. Based on an average daily volume of 53,593 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several large investors have recently modified their holdings of BUFC. Alliancebernstein L.P. lifted its position in 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 valued at $753,244,000 after acquiring an additional 186,458 shares in the last quarter. Legacy Wealth Advisors LLC bought a new stake in AB Conservative Buffer ETF in the 4th quarter valued at $6,726,000. Susquehanna International Group LLP increased its stake in shares of AB Conservative Buffer ETF by 534.9% during the third 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. N.E.W. Advisory Services LLC boosted its holdings in AB Conservative Buffer ETF by 320.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after purchasing an additional 15,854 shares during the period. Finally, Bailard Inc. acquired a new position in AB Conservative Buffer ETF in the fourth quarter valued at about $494,000.

AB Conservative Buffer ETF Trading Up 0.2%

AB Conservative Buffer ETF stock traded up $0.10 during mid-day trading on Monday, hitting $42.42. The stock had a trading volume of 1,170 shares, compared to its average volume of 48,160. The stock has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $41.57. 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 12 month low of $38.40 and a 12 month high of $42.62.

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.