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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 12,300 shares, an increase of 583.3% from the August 15th total of 1,800 shares. Based on an average daily trading volume, of 39,500 shares, the days-to-cover ratio is presently 0.3 days.

AB Conservative Buffer ETF Stock Up 0.4 %

Shares of BUFC stock opened at $38.18 on Friday. The stock has a fifty day moving average of $37.79 and a 200 day moving average of $37.07. AB Conservative Buffer ETF has a 52 week low of $35.11 and a 52 week high of $38.23.

Institutional Investors Weigh In On AB Conservative Buffer ETF

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. N.E.W. Advisory Services LLC acquired a new position in AB Conservative Buffer ETF (NASDAQ:BUFC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,307 shares of the company’s stock, valued at approximately $800,000. N.E.W. Advisory Services LLC owned 0.14% of AB Conservative Buffer ETF at the end of the most recent reporting period.

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.