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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 4,000 shares, a drop of 84.4% from the March 15th total of 25,600 shares. Based on an average daily volume of 84,600 shares, the short-interest ratio is presently 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 have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in AB Conservative Buffer ETF in the fourth quarter valued at $125,000. OLD Mission Capital LLC purchased a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth $421,000. Ausdal Financial Partners Inc. increased 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 worth $466,000 after purchasing an additional 663 shares during the last quarter. Susquehanna International Group LLP increased 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 purchasing an additional 35,036 shares in the last quarter. Finally, HighTower Advisors LLC boosted 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 worth $3,383,000 after purchasing an additional 2,225 shares during the period.

AB Conservative Buffer ETF Price Performance

NASDAQ BUFC traded up $0.04 during trading hours on Tuesday, hitting $38.34. 2,078 shares of the company’s stock traded hands, compared to its average volume of 82,087. The firm’s 50-day moving average is $38.81 and its 200-day moving average is $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 capitalization of $832.06 million, a PE 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.