Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Rises 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 daily trading volume, of 81,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

AB Conservative Buffer ETF Stock Performance

BUFC opened at $38.80 on Friday. The stock has a market capitalization of $721.68 million, a PE ratio of 26.22 and a beta of 0.22. The stock’s 50 day moving average price is $39.27 and its 200-day moving average price is $39.05. AB Conservative Buffer ETF has a 52-week low of $35.96 and a 52-week high of $40.10.

Institutional Trading of AB Conservative Buffer ETF

Several large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its holdings in AB Conservative Buffer ETF by 11.5% in the 4th quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock worth $537,756,000 after purchasing an additional 1,410,754 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF during the third quarter valued at about $3,250,000. Susquehanna International Group LLP increased 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 valued at $1,758,000 after buying an additional 35,036 shares during the period. OLD Mission Capital LLC bought a new position in AB Conservative Buffer ETF in the fourth quarter worth about $421,000. Finally, Ancora Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the fourth quarter worth about $125,000.

AB Conservative Buffer ETF Company Profile

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.