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

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

AB Conservative Buffer ETF Stock Performance

Shares of AB Conservative Buffer ETF stock traded up $0.10 during midday trading on Tuesday, hitting $39.39. The company had a trading volume of 15,090 shares, compared to its average volume of 92,140. The company has a fifty day simple moving average of $38.84 and a 200 day simple moving average of $38.06. AB Conservative Buffer ETF has a 12-month low of $35.11 and a 12-month high of $39.40.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in AB Conservative Buffer ETF during the 3rd quarter worth approximately $3,250,000. N.E.W. Advisory Services LLC purchased a new position in AB Conservative Buffer ETF during the 2nd quarter worth approximately $800,000. Finally, Quantum Private Wealth LLC raised its position in AB Conservative Buffer ETF by 54.5% during the 3rd quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after buying an additional 6,000 shares during the last quarter.

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.