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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a large increase in short interest in 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 trading volume of 36,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BUFC. Quantum Private Wealth LLC purchased a new stake in shares of AB Conservative Buffer ETF during the second quarter valued at $413,000. N.E.W. Advisory Services LLC acquired a new position in shares of AB Conservative Buffer ETF in the 2nd quarter valued at about $800,000. Finally, HighTower Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the 3rd quarter worth approximately $3,250,000.

AB Conservative Buffer ETF Stock Up 0.1 %

Shares of BUFC stock traded up $0.02 during mid-day trading on Monday, hitting $39.29. 5,515 shares of the stock traded hands, compared to its average volume of 92,282. AB Conservative Buffer ETF has a twelve month low of $35.11 and a twelve month high of $39.37. The company’s 50-day simple moving average is $38.82 and its 200-day simple moving average is $38.04.

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.