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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 4,000 shares, a decline of 84.4% from the March 15th total of 25,600 shares. Based on an average daily trading volume, of 84,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

AB Conservative Buffer ETF Trading Down 0.2 %

AB Conservative Buffer ETF stock traded down $0.09 during midday trading on Wednesday, hitting $38.25. The stock had a trading volume of 397 shares, compared to its average volume of 51,245. The company has a market capitalization of $830.03 million, a PE ratio of 24.36 and a beta of 0.22. The firm’s fifty day moving average is $38.78 and its two-hundred day moving average is $39.02. AB Conservative Buffer ETF has a 52-week low of $35.00 and a 52-week high of $41.16.

Institutional Trading of AB Conservative Buffer ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUFC. HighTower Advisors LLC lifted its holdings in shares of AB Conservative Buffer ETF by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock worth $3,383,000 after buying an additional 2,225 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of AB Conservative Buffer ETF by 5.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after buying an additional 663 shares during the last quarter. Alliancebernstein L.P. boosted its stake in AB Conservative Buffer ETF by 11.5% during the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock worth $537,756,000 after buying an additional 1,410,754 shares during the period. OLD Mission Capital LLC bought a new position in AB Conservative Buffer ETF during the 4th quarter valued at about $421,000. Finally, Susquehanna International Group LLP boosted its position in shares of AB Conservative Buffer ETF by 355.6% during the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock valued at $1,758,000 after buying an additional 35,036 shares during the period.

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.