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

AB Conservative Buffer ETF (NASDAQ:BUFC) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 3,500 shares, a decline of 37.5% from the September 30th total of 5,600 shares. Based on an average daily volume of 42,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On AB Conservative Buffer ETF

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

AB Conservative Buffer ETF Stock Performance

Shares of NASDAQ:BUFC opened at $38.72 on Friday. The business has a fifty day moving average of $38.37 and a two-hundred day moving average of $37.57. AB Conservative Buffer ETF has a 52-week low of $35.11 and a 52-week high of $38.84.

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.