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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 16,065 shares, a growth of 292.0% from the April 15th total of 4,098 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 30,213 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of AB Conservative Buffer ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings 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 purchasing an additional 186,458 shares in the last quarter. Legacy Wealth Advisors LLC bought a new position in AB Conservative Buffer ETF in the fourth quarter worth about $6,726,000. HighTower Advisors LLC lifted its holdings in AB Conservative Buffer ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after acquiring an additional 2,423 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in AB Conservative Buffer ETF by 534.9% in the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after acquiring an additional 65,072 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in AB Conservative Buffer ETF by 44.5% in the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after acquiring an additional 9,877 shares during the last quarter.

AB Conservative Buffer ETF Trading Up 0.1%

Shares of NASDAQ:BUFC traded up $0.03 during trading on Wednesday, hitting $42.16. 35,069 shares of the stock were exchanged, compared to its average volume of 46,464. The company has a fifty day moving average price of $41.23 and a two-hundred day moving average price of $41.24. The company has a market cap 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 $42.23.

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.