Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Drops By 91.6%

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 3,800 shares, a decline of 91.6% from the February 13th total of 45,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new position in AB Conservative Buffer ETF during the 4th quarter valued at about $125,000. OLD Mission Capital LLC purchased a new stake in AB Conservative Buffer ETF in the fourth quarter valued at approximately $421,000. Ausdal Financial Partners Inc. lifted 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 valued at $466,000 after purchasing an additional 663 shares during the last quarter. Susquehanna International Group LLP grew its stake in AB Conservative Buffer ETF by 355.6% in the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after buying an additional 35,036 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of AB Conservative Buffer ETF in the 3rd quarter worth $3,250,000.

AB Conservative Buffer ETF Price Performance

BUFC stock traded up $0.07 during mid-day trading on Wednesday, reaching $38.50. 1,273 shares of the company traded hands, compared to its average volume of 91,485. The company has a market capitalization of $716.10 million, a P/E ratio of 26.21 and a beta of 0.22. AB Conservative Buffer ETF has a 52-week low of $35.96 and a 52-week high of $40.10. The company has a fifty day moving average price of $39.40 and a 200-day moving average price of $39.01.

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.