Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Decreases By 58.7%

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

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several large investors have recently bought and sold shares of the stock. Legacy Wealth Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the fourth quarter worth approximately $6,726,000. Susquehanna International Group LLP raised its stake in shares of 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 worth $3,138,000 after buying an additional 65,072 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of AB Conservative Buffer ETF by 320.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after buying an additional 15,854 shares during the period. Bailard Inc. acquired a new stake in shares of AB Conservative Buffer ETF in the fourth quarter valued at $494,000. Finally, NewEdge Advisors LLC bought a new position in AB Conservative Buffer ETF during the first quarter valued at about $426,000.

AB Conservative Buffer ETF Price Performance

Shares of BUFC traded up $0.12 during trading hours on Monday, reaching $43.38. 156 shares of the company’s stock traded hands, compared to its average volume of 44,716. AB Conservative Buffer ETF has a twelve month low of $39.87 and a twelve month high of $43.38. The business’s fifty day simple moving average is $42.67 and its two-hundred day simple moving average is $41.92. The firm has a market capitalization of $1.06 billion, a price-to-earnings 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.