AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Up 573.7% in March

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,600 shares, an increase of 573.7% from the February 28th total of 3,800 shares. Based on an average daily trading volume, of 81,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

AB Conservative Buffer ETF Price Performance

Shares of BUFC opened at $38.83 on Thursday. The company has a 50-day moving average of $39.28 and a two-hundred day moving average of $39.05. The stock has a market cap of $722.24 million, a price-to-earnings ratio of 26.22 and a beta of 0.22. AB Conservative Buffer ETF has a one year low of $35.96 and a one year high of $40.10.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in shares of AB Conservative Buffer ETF by 11.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock valued at $537,756,000 after purchasing an additional 1,410,754 shares in the last quarter. HighTower Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the 3rd quarter worth about $3,250,000. Susquehanna International Group LLP boosted its position in AB Conservative Buffer ETF by 355.6% during the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after acquiring an additional 35,036 shares during the period. OLD Mission Capital LLC purchased a new position in AB Conservative Buffer ETF during the 4th quarter valued at about $421,000. Finally, Ancora Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF in the 4th quarter valued at about $125,000.

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.