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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,900 shares, a growth of 11.5% from the October 31st total of 2,600 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at $3,250,000. Quantum Private Wealth LLC grew its stake in AB Conservative Buffer ETF by 54.5% in the 3rd quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock valued at $656,000 after acquiring an additional 6,000 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in AB Conservative Buffer ETF in the 2nd quarter valued at $800,000.

AB Conservative Buffer ETF Price Performance

Shares of NASDAQ BUFC traded up $0.10 during midday trading on Tuesday, reaching $39.39. 15,090 shares of the stock were exchanged, compared to its average volume of 92,140. AB Conservative Buffer ETF has a twelve month low of $35.11 and a twelve month high of $39.40. The firm has a 50-day simple moving average of $38.84 and a two-hundred day simple moving average of $38.06.

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.