AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Down 25.7% in October

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,600 shares, a drop 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.

AB Conservative Buffer ETF Price Performance

AB Conservative Buffer ETF stock traded down $0.16 during midday trading on Friday, hitting $38.95. The company’s stock had a trading volume of 44,800 shares, compared to its average volume of 95,013. AB Conservative Buffer ETF has a 1-year low of $35.11 and a 1-year high of $39.20. The company has a 50-day moving average price of $38.63 and a two-hundred day moving average price of $37.84.

Institutional Investors Weigh In On AB Conservative Buffer ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BUFC. HighTower Advisors LLC acquired a new stake in AB Conservative Buffer ETF during the third quarter worth approximately $3,250,000. N.E.W. Advisory Services LLC bought a new stake in shares of AB Conservative Buffer ETF during the 2nd quarter valued at $800,000. Finally, Quantum Private Wealth LLC grew its holdings in shares of 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 purchasing an additional 6,000 shares in the last quarter.

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.