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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 45,200 shares, a growth of 283.1% from the January 31st total of 11,800 shares. Based on an average trading volume of 58,300 shares, the days-to-cover ratio is presently 0.8 days.

AB Conservative Buffer ETF Price Performance

Shares of NASDAQ:BUFC traded down $0.03 during midday trading on Friday, hitting $39.02. 4,172 shares of the stock were exchanged, compared to its average volume of 75,697. AB Conservative Buffer ETF has a 52-week low of $35.96 and a 52-week high of $40.10. The business’s fifty day simple moving average is $39.49 and its two-hundred day simple moving average is $38.95.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 3rd quarter valued at approximately $3,250,000. Quantum Private Wealth LLC lifted its stake in AB Conservative Buffer ETF by 54.5% in the third 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 last quarter. Susquehanna International Group LLP grew its position in AB Conservative Buffer ETF by 355.6% in the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after acquiring an additional 35,036 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth $125,000. Finally, OLD Mission Capital LLC bought a new position in shares of AB Conservative Buffer ETF during the 4th quarter valued at $421,000.

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.