Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Increases By 573.7%

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a large increase in short interest during 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 trading volume of 81,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On AB Conservative Buffer ETF

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

AB Conservative Buffer ETF Trading Down 0.3 %

Shares of AB Conservative Buffer ETF stock traded down $0.10 during midday trading on Wednesday, reaching $38.83. The company had a trading volume of 40,501 shares, compared to its average volume of 47,683. The stock has a fifty day simple moving average of $39.28 and a 200 day simple moving average of $39.05. AB Conservative Buffer ETF has a 1-year low of $35.96 and a 1-year high of $40.10. The company has a market capitalization of $722.24 million, a price-to-earnings ratio of 26.22 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.