AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Down 39.7% in August

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

Hedge Funds Weigh In On AB Conservative Buffer ETF

An institutional investor recently raised its stake in AB Conservative Buffer ETF stock. HighTower Advisors LLC increased its position in AB Conservative Buffer ETF (NASDAQ:BUFC) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,407 shares of the company’s stock after acquiring an additional 2,423 shares during the quarter. HighTower Advisors LLC owned about 0.38% of AB Conservative Buffer ETF worth $3,777,000 at the end of the most recent quarter.

AB Conservative Buffer ETF Trading Up 0.1%

BUFC stock traded up $0.05 during mid-day trading on Wednesday, reaching $43.20. 45,406 shares of the stock traded hands, compared to its average volume of 45,948. AB Conservative Buffer ETF has a 52-week low of $40.15 and a 52-week high of $43.38. The stock’s fifty day moving average is $43.02 and its 200-day moving average is $42.18. The company has a market cap of $1.05 billion, a P/E 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.