Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Drops By 84.4%

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,000 shares, a decline of 84.4% from the March 15th total of 25,600 shares. Based on an average daily volume of 84,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of AB Conservative Buffer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter worth $125,000. OLD Mission Capital LLC bought a new stake in shares of AB Conservative Buffer ETF during the fourth quarter valued at approximately $421,000. Ausdal Financial Partners Inc. lifted its position in AB Conservative Buffer ETF by 5.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after buying an additional 663 shares during the period. Susquehanna International Group LLP increased its stake in shares of AB Conservative Buffer ETF by 355.6% in 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 in the last quarter. Finally, HighTower Advisors LLC lifted its position in AB Conservative Buffer ETF by 2.6% during the 4th quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock valued at $3,383,000 after acquiring an additional 2,225 shares during the period.

AB Conservative Buffer ETF Stock Performance

BUFC traded up $0.37 on Monday, reaching $38.30. The company had a trading volume of 33,594 shares, compared to its average volume of 50,973. The business has a 50 day simple moving average of $38.84 and a 200 day simple moving average of $39.03. AB Conservative Buffer ETF has a 52-week low of $35.00 and a 52-week high of $41.16. The company has a market cap of $831.11 million, a price-to-earnings ratio of 24.36 and a beta of 0.22.

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.