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

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

Institutional Trading of AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bailard Inc. bought a new stake in AB Conservative Buffer ETF in the fourth quarter valued at about $494,000. Alliancebernstein L.P. grew its holdings in shares of AB Conservative Buffer ETF by 1.0% during the third 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 during the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of AB Conservative Buffer ETF by 320.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after purchasing an additional 15,854 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of AB Conservative Buffer ETF by 534.9% during the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after purchasing an additional 65,072 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of AB Conservative Buffer ETF by 9.8% during the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after purchasing an additional 1,190 shares during the last quarter.

AB Conservative Buffer ETF Trading Up 0.1%

AB Conservative Buffer ETF stock traded up $0.04 during midday trading on Friday, hitting $42.20. The stock had a trading volume of 7,714 shares, compared to its average volume of 46,015. The stock has a market cap of $1.05 billion, a P/E 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 $42.28. The business has a fifty day moving average price of $41.25 and a 200 day moving average price of $41.25.

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.