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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,600 shares, a decline of 25.7% from the October 15th total of 3,500 shares. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. N.E.W. Advisory Services LLC bought a new stake in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,307 shares of the company’s stock, valued at approximately $800,000. N.E.W. Advisory Services LLC owned about 0.14% of AB Conservative Buffer ETF as of its most recent SEC filing.

AB Conservative Buffer ETF Stock Performance

BUFC traded up $0.03 during midday trading on Thursday, reaching $39.14. The company had a trading volume of 7,437 shares, compared to its average volume of 95,204. The business has a 50-day moving average of $38.58 and a two-hundred day moving average of $37.81. AB Conservative Buffer ETF has a 1 year low of $35.11 and a 1 year high of $39.20.

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.