AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Down 58.7% in July

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,829 shares, a drop of 58.7% from the July 15th total of 4,429 shares. Based on an average daily volume of 32,191 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Wealth Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter worth $6,726,000. HighTower Advisors LLC grew its stake in 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 acquiring an additional 2,423 shares in the last quarter. Susquehanna International Group LLP increased its holdings in AB Conservative Buffer ETF by 534.9% in the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after acquiring an additional 65,072 shares during the last quarter. OLD Mission Capital LLC increased its holdings in AB Conservative Buffer ETF by 44.5% in the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock valued at $1,325,000 after acquiring an additional 9,877 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its stake 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 worth $860,000 after purchasing an additional 15,854 shares in the last quarter.

AB Conservative Buffer ETF Trading Down 0.1%

BUFC traded down $0.05 on Friday, hitting $43.26. 18,320 shares of the company’s stock traded hands, compared to its average volume of 45,004. The company’s 50 day simple moving average is $42.67 and its 200-day simple moving average is $41.92. AB Conservative Buffer ETF has a one year low of $39.87 and a one year high of $43.34. The firm has a market cap of $1.06 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.