AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Update

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,947 shares, a decline of 87.9% from the April 30th total of 16,065 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 22,578 shares, the short-interest ratio is currently 0.1 days.

AB Conservative Buffer ETF Trading Up 0.2%

NASDAQ BUFC traded up $0.08 during trading hours on Friday, hitting $42.49. The company’s stock had a trading volume of 35,977 shares, compared to its average volume of 48,031. AB Conservative Buffer ETF has a 52 week low of $38.40 and a 52 week high of $42.55. The company has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The company’s 50-day simple moving average is $41.57 and its two-hundred day simple moving average is $41.36.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings in shares of AB Conservative Buffer ETF by 1.0% in 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. Legacy Wealth Advisors LLC purchased a new position in AB Conservative Buffer ETF during the fourth quarter worth about $6,726,000. Susquehanna International Group LLP grew its position in 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 purchasing an additional 65,072 shares in the last quarter. N.E.W. Advisory Services LLC increased its stake in AB Conservative Buffer ETF by 320.6% in the 4th 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 last quarter. Finally, Bailard Inc. purchased a new stake in AB Conservative Buffer ETF in the 4th quarter valued at about $494,000.

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.